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Scenario: Ryan Wants to Rent an Apartment

Question 27

Multiple Choice

Scenario: Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the number of hours per month it takes to commute to work from each apartment. Ryan's opportunity cost of time is $15 per hour.
Scenario: Ryan wants to rent an apartment. The following table shows the monthly rent of five apartments and the number of hours per month it takes to commute to work from each apartment. Ryan's opportunity cost of time is $15 per hour.    -Refer to the scenario above.The total cost per month is the lowest if Ryan chooses to rent Apartment ________. A)  1 B)  2 C)  3 D)  4
-Refer to the scenario above.The total cost per month is the lowest if Ryan chooses to rent Apartment ________.


A) 1
B) 2
C) 3
D) 4

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