Answer to Question #47591 in Microeconomics for rushda
When you spend money for pleasure the cost question is not counted because here the cost has no value as this money is spent for your pleasure which is a psychological matter and hence comparing the cost to Benefits never arise here. At the maximum you can say is that it is an opportunity cost for you and if the vacation gives you more psychological benefits then we can say the cost is cheaper compared to the benefits.
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!