The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion upgrading Sochi area infrastructure. Sponsors
Question:
The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion upgrading Sochi area infrastructure. Sponsors spent $27.6 billion on hotels and facilities hoping to turn Sochi into a year-round tourist magnet. The Washington Post , February 11, 2014 Was the opportunity cost of the Sochi Olympics $6.7, $23.4, or $51 billion? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
Solution My explanation is that there are several opportunity costs invol...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
Question Posted:
Students also viewed these Business questions
-
On 15 September 2020, Tammy purchased from CC two tickets to the Ed Shearer concert in Brisbane on 07 January 2021. The reality is that as at 15 September 2020, due to the current COVID 19 pandemic,...
-
Your company sponsors a 401(k) plan into which you deposit 12 percent of your $ 60,000 annual income. Your company matches 50 percent of the first 5 percent of your earnings. You expect the fund to...
-
Your company sponsors a 401(k) plan into which you deposit 10 percent of your $ 120,000 annual income. Your company matches 75 percent of the first 10 percent of your earnings. You expect the fund to...
-
A Continuous fractional column, operating at atmospheric pressure, is to be designed to separate a mixture containing 20 per cent benzene in toluene into an overhead product containing 90 percent...
-
1. To which environmental forces is Barnes & Noble responding? 2. What is appealing to customers about ordering online? 3. What are the advantages to a firm of selling online?
-
Evaluate Equation 13-33 for the critical density of the universe. Pc 3 M TR 3H 8TC 13-33
-
On February 20, 2009, Cedar Valley Aviation, a wholly owned subsidiary of Aerial Services, Inc. (ASI), brought a Piper 522AS (Cheyenne II) in for maintenance to Des Moines Flying Service, Inc....
-
The completed financial statement columns of the worksheet for Fleming Company are shown below. Instructions (a) Prepare an income statement, an owners equity statement, and a classified balance...
-
The specific heat of a certain type of cooking oil is 1.75 J/(g.C). How much heat energy is needed to raise the temperature of 2.92 kg of this oil from 23 C to 191 C? 9 = J
-
On average, households in China save 40 percent of their annual income each year, whereas households in the United States save less than 5 percent. Production possibilities are growing at roughly 9...
-
What happens in the graph in Problem 10 if the temperature rises to 30C? The table gives the price of a balloon ride, the temperature, and the number of rides a day. Price (dollars per ride) 5 10 15...
-
Calculate the slope of the relationship in Problem 4 between 2,253 and 3,372 theatres. LEGO Tops the Box Office Movie The LEGO Movie About Last Night RoboCop The Monuments Men Theatres (number) 3,775...
-
Use the rounding rules to round the following. 37.97700001 =
-
Given the following selected account balances of Sunny Manufacturing, prepare (a) its schedule of cost of goods manufactured and (b) its income statement for the year ended December 31. 1 01:54:17...
-
Perform an online or offline search Times New... 12 BIUA A Directions and Analysis Task 1: Learning About a Technology Firm Perform an online or offline search, and choose a technology firm near your...
-
Q1. Assume that you are charged with the orientation of a cohort of new managers in your organization. Discuss the key individual differences described in this chapter and explain how you would help...
-
Steve Maas, owner of Oliver's Markets, a chain of four regional grocery stores, believes that attention and energy on what to achieve as opposed to what to do makes the work environment at Oliver's...
-
Dushyant Sinha, CEO of Indian Center for Consultancy Private Limited (ICCPL), a public relation firm, was in pensive mood when his team manager presented him satisfaction levels of their past key...
-
A certain tank has a bottom area A = 20 m2. The liquid level in the tank is initially 5 m. When the outlet is opened, it takes 200 s to empty by 98%. a. Estimate the value of the linear resistance R....
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
If Tom and Abby specialize and trade 15 balls for 1 racket, what are the gains from trade? Figure 3.3 (on below) shows Toms production possibilities and Figure 3.4 (on the next page) shows Abbys...
-
Would the Waxman-Markey law achieve production efficiency? Representatives Waxman of California and Markey of Massachusetts proposed a law to limit greenhouse gas emissions from electricity...
-
Would the Waxman-Markey law achieve production efficiency? Representatives Waxman of California and Markey of Massachusetts proposed a law to limit greenhouse gas emissions from electricity...
-
Alyssa acquired and placed in service $720,000 of equipment on August 1, 2016 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the...
-
Develop and Submit a balance sheet for a healthcare institution of your creation with a $700,000 budget for the department. 2 units are located within this department. You will determine the name of...
-
6. A cannon at a sporting event launches a t- shirt from the field (ground level) into the stands. If the cannon launches the projectile with a velocity of 19.3 m/s [forward 65 up], and the operator...
Study smarter with the SolutionInn App