Homework Answers
Ans. 3) The Total Benefit for working overtime is
= 4 × $30 = $120
Now , Let's calculate the cost for working ie
$45+ $40 + $10 = $95
So we can clearly see that we would have a net Benefit of
$120 - $95 = $25
This means that I would consider working part-time as an option and would go for it.
4) The opportunity cost of buying the HDTV for $1000 would be $950 ( ie the amount of things given up on order to buy HDTV )
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