Answer to Question #116033 in Microeconomics for Thomas Nkansah

Question #116033
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 accomodations on the trip will be $3,000, gasoline will cost you $200, and
your food will cost $1,400. What is the opportunity cost of taking this trip?
1
Expert's answer
2020-05-21T10:37:45-0400

opportunity cost= $6000+ free cost of living at home. thus, opportunity cost is $6000


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS