Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dylan enjoys ramen noodles and music downloads. His monthly budget for these two items is 18 dollars. If the price of a package of ramen

Dylan enjoys ramen noodles and music downloads. His monthly budget for these two items is 18 dollars. If the price of a package of ramen noodles is $1. 17 and the price of a music downloads is $0.88, what is Dylan's opportunity cost of a music download??

( Round Your Answer to the nearest tenth) (For Example 1.4)

Note- Tutor please be clear and specific what the answer is bcz it's gets pretty confusing

and I am not sure what the answer is if it's 1.33 OR 0.75 Or None of them

I would appreciate it thank u for the help

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_2

Step: 3

blur-text-image_3

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

=+b) What is the minimin choice?

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago