Scenario: Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the number of hours per month it takes to commute to work from each apartment. Ryan's opportunity cost of time is $15 per hour.

-Refer to the scenario above.What is the total cost incurred per month if Ryan rents Apartment 3?
A) $2,000
B) $2,050
C) $2,150
D) $2,270

Question

Scenario: Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the number of hours per month it takes to commute to work from each apartment. Ryan's opportunity cost of time is $15 per hour.
 
-Refer to the scenario above.What is the total cost incurred per month if Ryan rents Apartment 3?
A) $2,000 
B) $2,050 
C) $2,150 
D) $2,270

Quizplus · Accepted Answer

The total cost incurred per month for Ryan renting Apartment 3 is $2,150.

Scenario: Ryan Wants to Rent an Apartment