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Lorico [155]
3 years ago
7

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 du

ring 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.
Business
1 answer:
shtirl [24]3 years ago
6 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

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