Musashi is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: In order to swim for an hour, Musashi must take time away from work, where he earns $11 per hour. This is in addition to paying a $5 entrance fee for the pool.

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Business

Aaron Freeman

5 October, 04:18

Musashi is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: In order to swim for an hour, Musashi must take time away from work, where he earns $11 per hour. This is in addition to paying a $5 entrance fee for the pool.

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Theresa Freeman · Answer 1

The sentence represent how the cost of any product is not only the monetary cost of the product.

It also includes the opportunity cost, which represent the option a person renounce when consuming or performing an activity.

In this case it has to chose between work, biking exercise, running or swimming. Each hour he isn't working it lose the $11 dollar

When going to the pool the cost is not only the $5 entrance fee - It is also the $11 dollar fro mwork and one less hour to train in the other two disciplines.