You have been working full time but think you would like to earn more money per hour in the future. You decide to take one class to see how you like it. In order to do so, you have to reduce your work hours to 30 hours per week. What is your opportunity cost in terms of both time and money if you make $10 per hour? What about if you make $20 per hour?

You have been working full time but think you would like to earn more money per hour in the future. You decide to take one class to see how you like it. In order to do so, you have to reduce your work hours to 30 hours per week. What is your opportunity cost in terms of both time and money if you make $10 per hour? What about if you make $20 per hour?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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