Mrs. Y spent about 20 minutes every day to get to work by driving her car. The one- way commute cost her $5.00 in total including parking -while her wages per hour were $18.00. Alternatively, she took the city's subway that cost her $2.00 for a 40- minute commute to work. She noted that the opportunity costs of driving were and taking the public transportation were respectively. O $12.00; $14.00 O $11.00: $14.00

Mrs. Y spent about 20 minutes every day to get to work by driving her car. The one- way commute cost her $5.00 in total including parking -while her wages per hour were $18.00. Alternatively, she took the city's subway that cost her $2.00 for a 40- minute commute to work. She noted that the opportunity costs of driving were and taking the public transportation were respectively. O $12.00; $14.00 O $11.00: $14.00

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains Rrom Trade

Section: Chapter Questions

Problem 4PA

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