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AndrewKraus AndrewKraus
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6 years ago
An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to his place of work is $40. Which of the following statements is then true?
A) The direct cost of renting the apartment is $140.
B) The indirect cost of renting the apartment is $140.
C) The direct cost of renting the apartment is $40, whereas the indirect cost of renting the apartment is $100.
D) The direct cost of renting the apartment is $100, whereas the indirect cost of renting the apartment is $40.
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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AndrewKraus Author
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#2
6 years ago
Needed this for my economics assignment, thanks
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