What is the opportunity cost (in dollars) to attend an hour long econ lecture for (a) A minimum wage teenager in fall 2009?
What is the opportunity cost (in dollars) to attend an hour long econ lecture for
(a) A minimum wage teenager in fall 2009?
(b) A $100,000 per year corporate executive who works 2,000 hour per year?
Assume that the executive works 8 hours per day, 5 days a week.
(a) A minimum wage teenager in fall 2009?
(b) A $100,000 per year corporate executive who works 2,000 hour per year?
Assume that the executive works 8 hours per day, 5 days a week.
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