Question

You have the option to play tennis or a round of golf​ (but not​ both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to ​$70​, while golf has value to you equal to ​$105. Tennis courts are publicly available at no​ cost, but golf costs ​$20 per round. Suppose your wage from working is ​$12 per hour.The net benefit from playing tennis is $ ___ and the net benefit from playing golf is $ ___ (Enter your responses as integers).

Answer 1

Answer:

Explanation:

Value ( Playing Tennis) = $70

Value ( Playing Golf) = $105

Net benefit (Tennis) =$70-($12 x 2hr)

                                 = $70-$24

                                 = $46

Net benefit (Golf) = $105-$20-($12 x 4hr)

                             = $85-$48

                             = $37

You have the option to play tennis or a round of golf​ (but not​ both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to ​$70​, while golf has value to you equal to ​$105. Tennis courts are publicly available at no​ cost, but golf costs ​$20 per round. Suppose your wage from working is ​$12 per hour.The net benefit from playing tennis is $ 46 and the net benefit from playing golf is $ 37