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Kate works as a waitress and lives in Galway city. She works 8 hours per day, Monday to Saturday, and earns (15 per hour. She
Kate works as a waitress and lives in Galway city. She works 8 hours per day, Monday to Saturday, and earns (15 per hour. She also babysits for her friend in Galway city on Friday nights and earns (50 from doing so. Kate recently visited her friend in Donegal and took 2 days off work (without pay) to do so. She travelled to Donegal on Friday morning and returned on Sunday night. The cost of travel to Donegal was 635. While in Donegal Kate went for dinner and drinks with her friend which cost her (70. Had she stayed in Galway she would have gone for dinner and drinks with her friend in Galway on Saturday night. (a) 5 marks What two trade-offs did Kate make in visiting her friend in Donegal? (b) 10 marks What was Kates's opportunity cost of visiting her friend? Explain your answer. (c) 5 marks What was the true cost to Kate of visiting her friend? Explain your
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