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Author Question: Going skiing will cost Adam $80 a day. He also loses $40 per day in wages because he has to take ... (Read 199 times)

londonang

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on: May 22, 2019
Going skiing will cost Adam $80 a day. He also loses $40 per day in wages because he has to take time off from work. Adam still decides to go skiing.
◦ His decision is rational if Adam's marginal benefit of spending a day skiing is greater than his marginal cost.
◦ The $80 price of skiing is not an opportunity cost and so did not affect Adam's decision.
◦ He loses a total of $120 per day, so his decision is irrational.
◦ Adam's lost $40 per day in wages is not an opportunity cost and so did not affect his decision.
◦ Adam is definitely making a decision that is in the social interest.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by londonang on May 22, 2019

harveenkau8139

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Reply #1 on: May 22, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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londonang

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Reply 2 on: May 22, 2019
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
Wow, this really help

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