By taking the train, Alain can travel from Paris to Lille in 1 hour. The same trip takes 5 hours by bus. The train costs 80 and the bus 20. When Alain is not traveling he can work and earn 25 per hour. a. What are the opportunity costs of traveling by bus and train for Alan? b. Will the answer change if another person chooses not to travel and work for 10 per hour? What is the new opportunity cost?

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A: opportunity cost is the cost of loss of one opportunity to choose the other alternative. In other…

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Q: examples how the opportunity cost is important for people's live?

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A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the economic…

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Q: opportunity cost

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Q: y. Bob's opportunity cost of remaining in college is

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A: d. what you would have done during the time if you were not working.

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A: Dear student, You have asked 2 questions in a single post. I am answering the first question for…

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