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Other Fields Homework Help Economics Topic started by: darkfire12 on Dec 11, 2022



Title: An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of ...
Post by: darkfire12 on Dec 11, 2022
An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to his place of work is $40. Which of the following statements is then TRUE?

▸ The direct cost of renting the apartment is $100, whereas the indirect cost of renting the apartment is $40.

▸ The direct cost of renting the apartment is $40, whereas the indirect cost of renting the apartment is $100.

▸ The direct cost of renting the apartment is $140.

▸ The indirect cost of renting the apartment is $140.


Title: An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of ...
Post by: Chicagokid on Dec 11, 2022
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