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Zergnet Zergnet
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A year ago
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?
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Macroeconomics

Macroeconomics


Edition: 3rd
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bwhurdbwhurd
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A year ago
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