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Jo has two options for a summer job-a manufacturingjob that pays $10.25 per hour or a landscaping job that pays $8.65 per hour. Jo will

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Jo has two options for a summer job-a manufacturingjob that pays $10.25 per hour or a landscaping job that pays $8.65 per hour. Jo will be working a 40- hour week. At the landscaping company, he could work and have lunch with three of his closest friends. 1. For one workweek, what would be the explicit (monetary) opportunity cost of accepting the landscapingjob? You must show your math or you will not earn any credit. (15 pts) 2. What would be the implicit (non-monetary) opportunity cost of accepting the manufacturingjob? (15 pts) 3. Which should Jo choose? Explain in two-three sentences using ECONOMIC language from class. (15 pts) 4. Why is this problem a good example of Scarcity? At least 3 sentences using an economic concept in each sentence. (15 pts)

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