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Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124 Exercise 8
OPPORTUNITY COST You can either spend spring break working at home for $100 per day for five days or go to Florida for the week. If you stay home, your personal expenses will total about $120. If you go to Florida, the airfare, hotel, food, and miscellaneous expenses will total about $1,000. What's your opportunity cost of going to Florida?
Explanation
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Opportunity cost:
If a person takes wor...
Economics 10th Edition by William McEachern
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