What is the opportunity cost of taking trip, Microeconomics

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What is the opportunity cost of taking trip

You plan a major adventure trip for the summer. You won't be able to take your usual summer job that pays $6,000, and you won't be able to live at home for free. The cost of your travel on the trip will be $3,000, film and videotape will cost you $200, and your food will cost $1,400. What is the opportunity cost of taking this trip?

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Microeconomics: What is the opportunity cost of taking trip

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Microeconomics: What is the opportunity cost of taking trip

Reference No:- TGS039906

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Explain aggregate demand or aggregate supply

Q : Cash flows of the project-project payback period

Q : What fraction of the incidence falls on consumers

Q : Summarize the preceding transactions

Q : What is the opportunity cost of taking trip

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the opportunity cost of taking trip

Reference No:- TGS039906

Recent Questions Asked Microeconomics

Q : Explain aggregate demand or aggregate supply

Q : Cash flows of the project-project payback period

Q : What fraction of the incidence falls on consumers

Q : Summarize the preceding transactions

Q : What is the opportunity cost of taking trip

Q : Determining the cost of common equity

Q : Prepare journal entries in the accounting records

Q : Explain experience of local economy in south carolina

Q : Dupont analysis of two companies

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