2. For each of the following, identify the full cost (meaning opportunity cost) involved: a. Aaron spends $200 on basketball shoes. b. Your friend takes you to the movies and pays for your ticket and concessions. c. James decides to go to a club and stays out all night before his economics exam.

2. For each of the following, identify the full cost (meaning opportunity cost) involved: a. Aaron spends $200 on basketball shoes. b. Your friend takes you to the movies and pays for your ticket and concessions. c. James decides to go to a club and stays out all night before his economics exam.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2. For each of the following, identify the full cost (meaning
opportunity cost) involved:
a. Aaron spends $200 on basketball shoes.
b. Your friend takes you to the movies and pays for your
ticket and concessions.
c. James decides to go to a club and stays out all night
before his economics exam.
d. After signing up for a free trial of HBOMax, Jason
watches 3 episodes of House of the Dragon.

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