Brazilian federal, state, and local governments spent R$2.8 billion and private sponsors spent R$4.2 billion on 17
Question:
Brazilian federal, state, and local governments spent R$2.8 billion and private sponsors spent R$4.2 billion on 17 new Olympic facilities, 10 of which will be used for sporting events after the Olympics.
Was the opportunity cost of the Rio Olympics R$2.8 billion or R$7 billion? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The opportunity cost of the Rio Olympics is not simply the sum of the amounts spent by governments a...View the full answer
Answered By
Pranav Makode
I am a bachelor students studying at professor ram meghe institute of technology and research. I have a great experience of being an expert. I have worked as an expert at helloexperts and solvelancer as a part time job. I have also worked as a doubt solver at ICAD SCHOOL OF LEARNING, which is in Amravati city. I have also worked as an Freelancer.
I have great experience of helping students, as described above. I can help any students in a most simple and understandable way. I will not give you have any chance for complaint. You will be greatfull to accept me as an expert.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Pierre purchases a put option on Altec that has a strike price of $11 and a premium of $1. Altec's stock price is now at $10, an all time high, although the stock has traded as low as $5 in 2008....
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
The Economic Stimulus Act of 2008 and the American Economic Recovery and Reinvestment Act of 2009 where the latest big experiments the U.S. has undertaken with large-scale fiscal stimulus. Recall...
-
Suppose the comparative balance sheets of Sage Hill Inc.. are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 Assets Current Assets $9,680 $8,760 Property,...
-
The table shows the total national expenditures for health (both actual and projected, in billions of dollars) for the years from 2001 to 2018. (These data include expenditures for medical research...
-
The area between the graph of and the x-axis, bounded by x = a and x = a, is a a (x) dx.
-
Describe briefly what economists call a multitask agency problem, and relate your answer to the case of microfinance. Describe the main tasks taken on by loan officers and how they might conflict or...
-
Your firm is considering exporting to two countries: Kenya and Vietnam. However, managements knowledge about the trade policies of these countries is limited. Conduct a search at globalEDGE to...
-
Find an equation of the line below. Slope is 4; (8,4) on line
-
Kayne West has teamed with Los Angeles innercity schools to offer free passes for students! When Kayne West gave away tickets, what was free and what was scarce? Explain your answer.
-
Brazil is experiencing a collapse in business investment, rising unemployment, and falling consumer spending. Business and consumer confidence are low. a. Explain and draw a graph to illustrate the...
-
Sandra deposits $2500 in her savings account. How many years will it take her savings account to increase to $5000 if she is able to earn a rate of return of 4 percent interest compounded annually?...
-
A membrane system treating air with 1 percent CFC-11 produces a residue with 0.1 percent CFC-11 and a permeate of 4.9 percent CFC-11 with a stage cut of 19 percent. R 0.05. (a) What is the...
-
What has changed in the previous two problems that made the solutions different? The age of cars in the staff parking lot of a suburban college is uniformly distributed from six months (0.5 years) to...
-
An 8-ft-diameter concrete drainage pipe that flows half full is to be replaced by a concrete-lined V-shaped open channel having an interior angle of \(90^{\circ}\). Determine the depth of fluid that...
-
What is the mean? A customer service representative must spend different amounts of time with each customer to resolve various concerns. The amount of time spent with each customer can be modeled by...
-
What is m? What does it represent? A customer service representative must spend different amounts of time with each customer to resolve various concerns. The amount of time spent with each customer...
-
What political and religious beliefs and institutions gave Hebrew civilization its unique character and account for its important legacy to Western civilization?
-
What are the three kinds of research types? Explain each type.
-
Why might Medicare ration health care according to treatment that is financially worthwhile as opposed to providing as much treatment as is needed by a patient, regardless of costs? Researchers at...
-
What conflict might exist between a persons valuation of his or her own life and the rest of societys valuation of that persons life? Researchers at Stanford and the University of Pennsylvania...
-
How does the potential conflict between self-interest and the social interest complicate setting a financial threshold for Medicare treatments? Researchers at Stanford and the University of...
-
Exercise 3-10 (Algo) Applying Overhead; Journal Entries; T-accounts [LO3-1, LO3-2] Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing...
-
Direct Materiais Purchases Budget Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball...
-
Let u: R2 R be a strictly increasing C utility function. + (a) Derive an expression for the slope of an indifference curve at an arbitrary consumption bundle (xo, yo) R. '++ (b) Take a derivative of...
Study smarter with the SolutionInn App