ThisOpportunity cost (O/C)FOR ECON 1should include the

1. obvious cost (E.g. Book, Tuition, etc) and
2. hidden cost (value of your time: how many hours per week * 12 weeks: What you will be doing and what it will be worth to you. E.g.

Hidden cost is theO/Cof time: what kind of uses of your time, e.g. let's say you spend 100 hours (In 12 weeks) to finish the Econ 1 class successfully.

What else could you have done in these 100 hours and how much was that worth to you in $. E.g work for 100 hours , so youmultiply with the wage rate.

OR It could be 20 hrs of work, 20 hours of sleep, 20 hrs spent with your family and so on.How much is each hour worth, e.g. time spent with family $100 per hour.

So 20 * $100 = $2000 and so on.

The answer from online is wrong. The book is 69$ and tuition for this class is about 150$ Her feedback for this was " The question for 1 class (econ 1) only: tuition for 1 class is 5000$? Books =?? Why is food a cost of the class. Why is parking, conveyance a cost for an online class? Why is conference a cost of this class?

completing ECON1 successfully for SPRING 2021? Everything needs to be expressed in $ amounts. (You cannot add $ to the number of hours, hours need to be converted into $) This Opportunity cost (O/C) FOR ECON 1 should include the 1. obvious cost (E.g. Book, Tuition, etc) and 2. hidden cost (value of your time: how many hours per week * 12 weeks: What you will be doing and what it will be worth to you. E.g. Hidden cost is the O/C of time: what kind of uses of your time, e.g. let's say you spend 100 hours (In 12 weeks) to finish the Econ 1 class successfully. What else could you have done in these 100 hours and how much was that worth to you in $. E.g work for 100 hours , so you multiply with the wage rate. OR It could be 20 hrs of work, 20 hours of sleep, 20 `pent with your family and so How much is