Question
Course: Introduction to Economics - Basic Concepts Suppose that you, after giving your final exam, are thinking about taking a vacation in the southern part
Course: Introduction to Economics - Basic Concepts Suppose that you, after giving your final exam, are thinking about taking a vacation in the southern part of the country. Specifically, you are considering whether to accept the offer of your grandparents, who tell you "Come see us in Osorno city, stay two weeks and we will give you lodging and good food". His brother tells him: "If I were you, I would accept. You get out of Santiago city, you are with your family and, besides, it's free! You're not going to have any costs other than bus fare." What would you think if you use your knowledge to make economically efficient decisions? Is your brother right?
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