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Other Fields Homework Help Economics Topic started by: Zergnet on Dec 11, 2022



Title: If Tom spends 4 hours a day on Facebook, and the minimum wage in his country is $7 per hour. a) What ...
Post by: Zergnet on Dec 11, 2022
If Tom spends 4 hours a day on Facebook, and the minimum wage in his country is $7 per hour.
a) What is his opportunity cost of spending time on Facebook?
b) Given that spending time on Facebook has an opportunity cost, does this analysis suggest that Tom should work rather than spend his time on social networking?


Title: If Tom spends 4 hours a day on Facebook, and the minimum wage in his country is $7 per hour. a) What ...
Post by: bwhurd on Dec 11, 2022
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