Posts Tagged ‘Opportunity Cost’

You plan a major adventure trip for the summer?

Friday, August 7th, 2009
billf739 asked:


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 on the trip will be $3,000, film and videotape will cost you $200, and your food will cost $1,400. What is the opportunity cost of taking this trip?

Eldridge
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