Your choice for the summer is to either work at home for 4 weeks and get $100 per week or to go to Florida with your friends and enjoy the beach. If you decide to go to Florida, your total expenses with travel, accommodations and miscellaneous is $700. What is the opportunity cost of spending summer in Florida? SHOW YOUR WORK!

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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Your choice for the summer is to either work at home for 4 weeks and get $100 per week or to go to Florida with your friends and enjoy the beach. If you decide to go to
Florida, your total expenses with travel, accommodations and miscellaneous is $700. What is the opportunity cost of spending summer in Florida? SHOW YOUR WORK!
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Transcribed Image Text:Your choice for the summer is to either work at home for 4 weeks and get $100 per week or to go to Florida with your friends and enjoy the beach. If you decide to go to Florida, your total expenses with travel, accommodations and miscellaneous is $700. What is the opportunity cost of spending summer in Florida? SHOW YOUR WORK! Edit View Insert Format Tools Table
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