10) A punk duo has 4 options on things in can do next month: sell designer hair gel and earn $4,500; tour and earn $4,000; it can work on a new album which will cost $2,500; or hike around Europe and break even. If it can do one and only one of these activities, what is the opportunity cost this year of working on a new album? (Note

10) A punk duo has 4 options on things in can do next month: sell designer hair gel and earn $4,500; tour and earn $4,000; it can work on a new album which will cost $2,500; or hike around Europe and break even. If it can do one and only one of these activities, what is the opportunity cost this year of working on a new album? (Note

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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