Since you now have no alternative use for your coupon, the opportunity cost of using it to

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Since you now have no alternative use for your coupon, the opportunity cost of using it to pay for the Cancun trip is zero. That means your economic surplus from the trip will be $1,350 − $1,000 =

$350 > 0, so you should use your coupon and go to Cancun. (LO3)

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Principles Of Microeconomics A Streamlined Approach

ISBN: 9781264058785

4th Edition

Authors: Robert H. Frank

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Question Posted: Nov 08, 2024 02:00 AM

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Since you now have no alternative use for your coupon, the opportunity cost of using it to

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Principles Of Microeconomics A Streamlined Approach

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