Nerida Kyle can either commute to work using a bus or purchase a new car. The bus fare each way is $2. Nerida works five days a week for 50 weeks a year. Based solely on the benefit of avoiding the cost of her bus tickets, Nerida should purchase a car if the cost of the car is _____ than _____ per week.
A) less; $20
B) less; $10
C) greater; $20
D) greater; $10
Correct Answer:
Verified
Q6: _ is estimated by asking: "What is
Q7: Economists use money equivalents to compare costs
Q8: The key to using the cost-benefit principle
Q9: The cost-benefit principle evaluates _ costs and
Q10: Nerida Kyle could either commute to work
Q12: Nerida Kyle is thinking of buying a
Q13: Nerida Kyle is thinking of buying a
Q14: The cost-benefit principle will lead you to
Q15: How is the economic surplus generated by
Q16: _ is a measure of how much
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