3. Evaluating opportunity costs Janet and Felix need to decide which one of them will take time off from work to complete the rather urgent task of changing the brakes on their car, Janet is pretty good at car repairs; she can change the brakes in 30 minutes. Pelix is somewhat slow; it takes him 5 hours to change the brakes. Janet earns $160 per hour as a psychlatrist, while Fellx earns $20 per hour as a cobbler. Keeping in mind that either Janet or Felix must take time off from work to change the brakes, who has the lowest opportunity cost of completing the task? O Janet and Felix face equal opportunity costs O Felx O Janet

3. Evaluating opportunity costs Janet and Felix need to decide which one of them will take time off from work to complete the rather urgent task of changing the brakes on their car, Janet is pretty good at car repairs; she can change the brakes in 30 minutes. Pelix is somewhat slow; it takes him 5 hours to change the brakes. Janet earns $160 per hour as a psychlatrist, while Fellx earns $20 per hour as a cobbler. Keeping in mind that either Janet or Felix must take time off from work to change the brakes, who has the lowest opportunity cost of completing the task? O Janet and Felix face equal opportunity costs O Felx O Janet

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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need answer within 15 min no ai no plagarizam please do fast verify answer full details included do not need graph
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