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nisha nisha
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2 years ago
Scenario: Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the number of hours per month it takes to commute to work from each apartment. Ryan's opportunity cost of time is $15 per hour.

ApartmentCommuting Time (hours per month)Rent ($ per month)
1401,500
2201,750
3102,000
442,210
512,250


Refer to the scenario above. What is the total cost incurred per month if Ryan rents Apartment 5?

▸ $2,400

▸ $2,150

▸ $2,265

▸ $2,270
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Quiera730Quiera730
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2 years ago
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nisha Author
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2 years ago
Good timing, thanks!
missnoname
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TheMoffattMan
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2 hours ago
Brilliant ツ
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