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Home Q & A Board Other Fields Homework Help Business Economics
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darkfire12 darkfire12
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A year ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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ChicagokidChicagokid
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darkfire12 Author
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A year ago
Just got PERFECT on my quiz
SlimyPencil
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this is exactly what I needed
SlimyPencil
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This site is awesome
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