Our class meets for three hours per week. Since everyone who attends the class sacrifices the...
Our class meets for three hours per week. Since everyone who attends the class sacrifices the same number of hours, therefore everyone who attends the class must have the same implicit cost of the class. True or False
Homework Answers
Here everyone is sacrificing an equal amount of time and effort. Therefore, everyone who attends the class will have the same implicit cost.
It is difficult to determine the implicit cost since it is intangible cost thus, difficult to calculate it.
Kindly contact if having any query thank you.
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Our class meets for
three hours per week. Since everyone who attends the class
sacrifices the...
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