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whipped whipped
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7 years ago
a)   Sam pays $600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead of attending class, he works at a part-time job, he would be paid $5 an hour. Or, he could work at a fast-food outlet and earn $9 per hour. Once he has already paid a nonrefundable fee of $600 to enroll in the class, what is his opportunity cost of attending each hour of class?

b)   Suppose workers decide to work more and consume less leisure when their hourly wage rate increases. What could explain this behavior?
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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whipped Author
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7 years ago
Thank you, thank you, thank you!
avance37
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
missnoname
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2 hours ago
This helped my grade so much Perfect
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