Author Question: Jim is planning on attending a football game that costs 40 . He will have to take the day off from ... (Read 52 times)

segrsyd · **on:** Jul 1, 2018

Jim is planning on attending a football game that costs 40 . He will have to take the day off from the work losing 8 hours of work. His hourly wage is 10 . He estimates it will cost him around 20 for gas and parking at the game. Jim's implicit (opportunity) cost of attending the game equals
a. 80
b. 40
c. 20
d. 140

Question 2

If the Canadian dollar depreciates, holding other things constant, it makes Canadian imports
a. More expensive for Canadian customers
b. Less expensive for Canadian customers
c. Neither more or less expensive for importers
d. None of the above