Multiple Choice
Jim is planning on attending a football game that costs $40.He will have to take the day off from the work losing 8 hours of work.His hourly wage is $10.He estimates it will cost him around $20 for gas and parking at the game.Jim's implicit (opportunity) cost of attending the game equals
A) $80
B) $40
C) $20
D) $140
Correct Answer:
Verified
Correct Answer:
Verified
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