Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amanda likes to eat apples and bananas with her lunch between classes. She also keeps a close eye on her spending each week since she

Amanda likes to eat apples and bananas with her lunch between classes. She also keeps a close eye on her spending each week since she is in college and cannot afford the time to work too much. She has budgeted a certain amount of money each week for apples and bananas. If she spends all of this budget on bananas, she can afford 8 bananas. what is amanada's opportunity cost of an apple? ( round your answer to the nearest tenth ( ( one number to the right of the decimal , for example 1.4)

Hello tutor thanks for reading my question is the answer 0.8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Roger A. Arnold

12th Edition

1285738306, 978-1285738307

More Books

Students also viewed these Economics questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago