Sample Solution from
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Chapter 1
Problem 1RQ
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To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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