Answer to Question #275116 in Microeconomics for Victoria

Question

ben earns by giving guitar lessons at 20 per hour. if he spends 10 hours planting ornamental plants that buys 100 worth of pots and cutting. what are the opportunity cost

Answer 1

Solution:

Guitar lessons earnings = 10hrs x 20 = 200

Ornamental plants earnings for 10hrs = 100

The opportunity cost = 200 – 100 = 100