Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
19th Edition
ISBN: 9780134479255
Author: Roger LeRoy Miller
Publisher: PEARSON
Question
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Chapter 2, Problem 2CTQ
To determine

Opportunity cost of time spent by U.S. commuters spent in gridlocked traffic to be excess of $150 billion per year

Concept:

Opportunity Cost: It is the cost in terms of forgone benefit that a person could have received by choosing an alternative course of action

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