Ben enjoys doing volunteer work very much During weekends, he often goes to the community center next to his home He treasures the time doing volunteer work and considers it worth $390 He does not need to spend any money on transportation as he can walk to the community center and no other cost will incur if he does the volunteer work If he does not go to the community center, he can use the same amount of time working as a private tutor and earning $404 The job as a private tutor is unpleasant to him He is not willing to do the tutoring job unless he is paid at least $X If Ben finally decided to go to the community center, the value of X must be larger than or equal to find x 2 Darren bought a ticket to a football game at $504 and Joe bought a ticket to a concert at $685 Both events will be held at the same time and the tickets are nonrefundable Joe finds the football game to be interesting and offers to directly swap tickets with Darren Suppose that Darren values the game at $650 and the concert at $826 Darren's opportunity cost of rejecting Joe's offer and going to the football game is dollars (why isn't the answer 826 650 )

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Posted on Sep 27, 2024

Ben enjoys doing volunteer work very much.During weekends, he often goes to the community center next to his home.He treasures the time doing volunteer work

Ben enjoys doing volunteer work very much.During weekends, he often goes to the community center next to his home.He treasures the time doing volunteer work and considers it worth $390.He does not need to spend any money on transportation as he can walk to the community center and no other cost will incur if he does the volunteer work.If he does not go to the community center, he can use the same amount of time working as a private tutor and earning $404.The job as a private tutor is unpleasant to him.He is not willing to do the tutoring job unless he is paid at least $X.If Ben finally decided to go to the community center, the value of X must be larger than or equal to-----

find x.

2.Darren bought a ticket to a football game at $504 and Joe bought a ticket to a concert at $685.Both events will be held at the same time and the tickets are nonrefundable.Joe finds the football game to be interesting and offers to directly swap tickets with Darren.Suppose that Darren values the game at $650 and the concert at $826.Darren's opportunity cost of rejecting Joe's offer and going to the football game is ________dollars.

(why isn't the answer 826-650?)