Answer to Question #241718 in Microeconomics for boss

Question #241718

True or False?

If a consumer's fixed income increases, his opportunity cost also increases.



1
Expert's answer
2021-09-26T20:18:22-0400

True.

If the fixed income of the cousmer is high then the opportunity cost will also increase as they will have to leave a large amount to chose next best option in the market.


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