Sarah is a bartender earning $27.7 an hour Her new favourite video game has just been released and costs $59.4 She is considering whether to buy it, call in sick for a 3-hour-long shift and play it If she goes to work, she expects to earn an additional $33 in tips She could also go to the pool for a swim and a sauna session, which she values $31. What is Sarah's opportunity cost of buying and playing the new video game? Answer.
Sarah is a bartender earning $27.7 an hour Her new favourite video game has just been released and costs $59.4 She is considering whether to buy it, call in sick for a 3-hour-long shift and play it If she goes to work, she expects to earn an additional $33 in tips She could also go to the pool for a swim and a sauna session, which she values $31. What is Sarah's opportunity cost of buying and playing the new video game? Answer.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter5: Consumer Choice: Individual And Market Demand
Section: Chapter Questions
Problem 3TY: Emily buys an air conditioner that costs $700. Because the air in her home is cleaner, its use saves...
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