Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blake is deciding whether to go swimming or study after class. He goes swimming frequently and has bought a non-refundable swimming pool annual ticket costing

Blake is deciding whether to go swimming or study after class.

He goes swimming frequently and has bought a non-refundable swimming pool annual ticket costing $277.

If he spent the time studying after class, he would be able to enrich his knowledge and be confident in any assessments, which would bring him pleasantness worth $363.

If Blake decides to go swimming rather than studying, his opportunity cost of going to swim is[Answer]dollars.

(In decimal numbers, with two decimal places, please.)

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

Essentials Of Economics

Authors: N. Gregory Mankiw

5th Edition

0324590024, 9780324590029

More Books

Students also viewed these Economics questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago