Author Question: MarginalismYou buy a music subscription that allows you to listen to an unlimited number of songs ... (Read 76 times)

tashina2013 · **on:** Nov 23, 2022

Question 1

Shashi would like to write a book. It would take her 1200 hours to write the book, plus cost $1000 for equipment (computer and research supplies). Alternatively, she could earn $20 an hour as a fitness instructor. What is Shashi's opportunity cost of writing the book?
◦ $23,000
◦ $24,000
◦ $24,500
◦ $25,000

Question 2

Marginalism

You buy a music subscription that allows you to listen to an unlimited number of songs for $20 a month. Suppose last month you listed to 140 songs. The average cost of each song last month is ________ and the marginal cost of listening to an additional song is ________. Round your final answer to two decimal places.
◦ $0.14, $0
◦ $20, $0.14
◦ $0, $0.14
◦ $0.14, $0.14

Nutellas_Good · **Reply #1 on:** Nov 23, 2022

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