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tuggy tuggy
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6 years ago
An individual decides to rent an apartment for $7,000 per month. The commuting time from this apartment to his office is 80 hours per month. If the individual's opportunity cost of time is $30 per hour, calculate the direct cost, indirect cost, and total cost per month she would incur if she rents the apartment.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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tuggy Author
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#2
6 years ago
Thanks for providing the correct answer
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