Q6. Suppose you work as a tutor in your school, making $16 per hour. Yesterday, you decided to cancel your two-hours tutoring appointment to meet old friends for a tea. The tea cost you $3.50. What will the opportunity cost of this decision in dollars? Please explain in points.

Q6. Suppose you work as a tutor in your school, making $16 per hour. Yesterday, you decided to cancel your two-hours tutoring appointment to meet old friends for a tea. The tea cost you $3.50. What will the opportunity cost of this decision in dollars? Please explain in points.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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