Ask Question
10 August, 05:23

John gives up a shift at work so he can go to Universal with a friend. He spends $150 at Universal. He would have earned $220 during the shift at work. John's explicit cost of going to Universal is $. His implicit cost of going to Universal is $. His opportunity cost of going to Universal is $. If John had decided NOT to go to Universal, and instead went to work, then at the end of the work day he would have $. Enter whole numbers only.

+4
Answers (1)
  1. 10 August, 07:08
    0
    Answer: John's explicit cost of going to Universal is $150. His implicit cost of going to Universal is $220. His opportunity cost of going to Universal is $ 70. If John had decided NOT to go to Universal, and instead went to work, then at the end of the work day he would have $ 220
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “John gives up a shift at work so he can go to Universal with a friend. He spends $150 at Universal. He would have earned $220 during the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers