Jim is planning on attending a football game that costs $40.He will have to take the day off from the work losing 8 hours of work.His hourly wage is $10.He estimates it will cost him around $20 for gas and parking at the game.Jim's total economic cost of attending the game equals

Question

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Jim's total economic cost includes the ticket price ($40), lost wages (8 hours x $10/hour = $80), and gas and parking ($20), totaling $140.

Jim Is Planning on Attending a Football Game That Costs