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dietdrpepper dietdrpepper
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An individual rents an apartment for $200 per month. His monthly opportunity cost of commuting to work from this apartment is $50. After a year, he moves to an apartment closer to his place of work, but pays a rent of $250. Compared to the initial situation, after a year, his direct cost of renting the apartment ________.

▸ increases, while the indirect cost of renting the apartment remains unchanged

▸ remains the same, while the indirect cost of renting the apartment decreases

▸ increases, while the indirect cost of renting the apartment decreases

▸ remains the same, while the indirect cost of renting the apartment increases
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Macroeconomics

Macroeconomics


Edition: 3rd
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SagxarSagxar
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