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tuggy tuggy
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6 years ago
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 $250 as rent. Compared to the initial situation, after a year:
A) his direct cost of renting the apartment increases, while the indirect cost of renting the apartment remains unchanged.
B) his direct cost of renting the apartment increases, while the indirect cost of renting the apartment decreases.
C) his direct cost of renting the apartment remains the same, while the indirect cost of renting the apartment decreases.
D) his direct cost of renting the apartment remains the same, while the indirect cost of renting the apartment increases.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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