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berry berry
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A year ago
Scenario: A firm wants to set up a factory. It has four different options. The rent of the factory in each of the four different locations and the time taken to transport the product from each location to the market is shown in the table below. The opportunity cost of time is $10 per hour.

Factory LocationMonthly Commuting Time (hours)Monthly Rent ($)
Very Far302,060
Far252,100
Close152,300
Very Close52,500


Refer to the scenario above. What is the marginal opportunity cost of transporting products to the market if the firm chooses factory Far over factory Very Far?

▸ $150

▸ $50

▸ −$100

▸ −$50
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jaimielaviejaimielavie
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A year ago
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berry Author
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A year ago
Thanks for your help!!
logbi
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Yesterday
Good timing, thanks!
Ivansitospeed@g
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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