Bryan is evaluating the pros and cons of taking economics virtually or in person. If he takes economics virtually, he will save the cost of the commute, which he estimates to be $10 per day, and save on the parking permit, which costs $80 per semester. Moreover, Bryan could work when he would have been commuting. He estimates two hours of commute per day, which at $20 per hour, he could earn an extra $40 per day. The tuition cost of taking the class in person or virtually is $600 per semester. What is Bryan's opportunity cost per semester of taking the in-person class? Assume that the semester has 15 weeks, and the class meets twice a week. $2,500 O $600 O $1,200 O $2,180
Bryan is evaluating the pros and cons of taking economics virtually or in person. If he takes economics virtually, he will save the cost of the commute, which he estimates to be $10 per day, and save on the parking permit, which costs $80 per semester. Moreover, Bryan could work when he would have been commuting. He estimates two hours of commute per day, which at $20 per hour, he could earn an extra $40 per day. The tuition cost of taking the class in person or virtually is $600 per semester. What is Bryan's opportunity cost per semester of taking the in-person class? Assume that the semester has 15 weeks, and the class meets twice a week. $2,500 O $600 O $1,200 O $2,180
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Bryan is evaluating the pros and cons of taking economics virtually or in person. If he takes economics virtually, he will save the cost of the commute,
which he estimates to be $10 per day, and save on the parking permit, which costs $80 per semester. Moreover, Bryan could work when he would
have been commuting. He estimates two hours of commute per day, which at $20 per hour, he could earn an extra $40 per day. The tuition cost of
taking the class in person or virtually is $600 per semester. What is Bryan's opportunity cost per semester of taking the in-person class? Assume that
the semester has 15 weeks, and the class meets twice a week.
O $2,500
O $600
O $1,200
O $2,180
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