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An Individual Decides to Rent an Apartment for $7,000 Per

Question 54

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An individual decides to rent an apartment for $7,000 per month.The commuting time from this apartment to her office is 80 hours per month.If the individual's opportunity cost of time is $30 per hour,calculate the direct cost,indirect cost,and total cost she would incur per month if she rents the apartment.

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The direct cost of renting the apartment...

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