-Refer to Table 3.1.Suppose that you have a house that you rent out.If you keep the lawn maintained,you can charge a higher monthly rent for the house.Suppose your hourly wage from your job at the mall is $10,what is the net benefit of spending 12 hours per week maintaining the lawn of the house?

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Quizplus · Accepted Answer

The net benefit is calculated by subtracting the opportunity cost of your time from the additional rent you can charge. If maintaining the lawn allows you to charge $330 more in rent, and you spend 12 hours at $10/hour (opportunity cost of $120), the net benefit is $330 - $120 = $210.