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Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five ...

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Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five ...

Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five apartments as well as the number of hours per month it takes to commute to work from each apartment. Aysha works as a restaurant where she can make $20 per hour.

Apartment	Commuting Time (hours per month)	Rent ($ per month)
1	30	1,250
2	20	1,400
3	15	1,600
4	10	1,750
5	5	2,000

Refer to the scenario above. What is the opportunity cost Aysha incurs each month if she rents apartment 4?

▸ $200

▸ $100

▸ $20

▸ $2000

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 41 times

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