A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes P35, 000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will cost her P200, 000 per year in rent and other operating expenses. What are her opportunity costs?
A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes P35, 000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will cost her P200, 000 per year in rent and other operating expenses. What are her opportunity costs?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![A potential entrepreneur is tring to decide whether to open a new health spa. She currently makes P35, 000 per year as an
aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will
cost her P200, 000 per year in rent and other operating expenses.
What are her opportunity costs?
Your answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac008602-d14b-4244-9139-8f7c40f3c8d9%2Ff3d3786d-11c6-453f-b084-f8871e0e0082%2Fv7gq0qp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A potential entrepreneur is tring to decide whether to open a new health spa. She currently makes P35, 000 per year as an
aerobics instructor and will have to give up this job if she opens the new health spa. If she chooses to open the spa, it will
cost her P200, 000 per year in rent and other operating expenses.
What are her opportunity costs?
Your answer
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