Wednesday
March 29, 2017

Post a New Question

Posted by on .

1.You plan a major adventure trip for the summer. You won’t be able to take your usual summer job that pays $6,000, and you won’t be able to live at home for free. The cost of your travel on the trip will be $3,000, film and videotape will cost you $200, and your food will cost $1,400. What is the opportunity cost of taking this trip?

2.The university has built a new parking garage. There is always an available parking spot, but it costs $1 per day. Before the new garage was built, it usually took 15 minutes of cruising to find a parking space. Compare the opportunity cost of parking in the new garage with that in the old parking lot. Which is less costly and by how much?

  • Microeconomics - ,

    opportunity cost of taking this trip is tavel accomandations

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question