Aroha has to choose among three possible activities to do on Sunday morning. She ranks her preferences (from most preferred option to least preferred option) as follows: attend the local community Church service with her Nan; hang out with friends at the Westfield Manukau City Shopping Centre; go and watch the Counties Manukau rugby league game. What is her opportunity cost of attending Church with her Nan (Option 1)? Select one alternative: O Hanging out with her friends and watching the rugby league game.

Aroha has to choose among three possible activities to do on Sunday morning. She ranks her preferences (from most preferred option to least preferred option) as follows: attend the local community Church service with her Nan; hang out with friends at the Westfield Manukau City Shopping Centre; go and watch the Counties Manukau rugby league game. What is her opportunity cost of attending Church with her Nan (Option 1)? Select one alternative: O Hanging out with her friends and watching the rugby league game.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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