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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 6
Chandra received a gift certificate that covers three salsa dance lessons. After the first lesson, Chandra decided that she doesn't like salsa, yet she still plans to go the next lesson because it doesn't cost her anything. Evaluate Chandra's logic.
Explanation
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Opportunity cost:
Opportunity cost is t...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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