Question
Julia brings home $1,600 per month after taxes.Julia's rent is $350 permonth, her utilities are $100 permonth, and her car payment is $250 per month.
Julia brings home $1,600 per month after taxes.Julia's rent is $350 permonth, her utilities are $100 permonth, and her car payment is $250 per month. Julia is currently paying $200 per month to her orthodontist for her braces.Julia's groceries cost $50 per week and she estimates her other expenses to be $150 per month. As aresult, she has $350 left each month to put toward savings to reach her financial goals. Julia is considering trading in her car for a new one. Her new car payment will be $325 permonth, and her insurance cost will increase by $60 per month. Julia determines that her othercar-related expenses(gas, oil) will stay about the same. What is the opportunity cost if Julia purchases the newcar?
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