Say you had an 8 A.M. economics class, and you only come to campus to attend your economics class. The cost of coming to the economics class would then include:

Question

Quizplus · Accepted Answer

The cost of coming to the economics class would include both the value of the time it took to drive to campus (a) and the cost of the gasoline it took to get to campus (b). The cost of insuring the car for that day (c) is not relevant in this scenario since it is assumed that the student already has car insurance and the cost would not change for attending one class.

Say You Had an 8 A