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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946 Exercise 2
(Opportunity Cost) You can spend spring break either working at home for $80 per day for five days or go to Florida for the week. If you stay home, your expenses will total about$100. If you goto Florida, the airfare, hotel, food, and miscellaneous expenses will total about $700. What's your opportunity cost of going to Florida?
Explanation
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Opportunity cost is defined as the monet...
ECON MACRO 5th Edition by William McEachern
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