o Apha Student Question 5 xC Detemine Whether Each Of T Reviews Discussion Mater
ID: 1123224 • Letter: O
Question
o Apha Student Question 5 xC Detemine Whether Each Of T Reviews Discussion Materiah Home Grades Personalized Some Tools of Economic Analysis Graded Assignment | Read Due Monday 12.11.17 at 0145 AM Attempts: Keep the Highest: /1 2. Who has the lowest opportunity cost? lyssa and Tim need to decide which one of them wil take time oft from work to complete the rather urgent task of changing the brakes on their car lyssa is pretty pood at car repairs; she can change the brakes in 30 minutes. Tim is somewhat stow: & takes him S hours to change the brakes Alyssa ams 160 per hour as a lawyer, while Tim earns $25 per hour as a barter work to change the brakes, who has the lowest opportunity cost of completing the Keeping in mind that ether Alyssa or Tim must take tbime off from task? O Alyssa and Tim face identical oppertunity costs Ten AlyssaExplanation / Answer
Alysa's opportunity cost will be $160x0.5=$80
Tim's opportunity cost will be $25x5=$125
Thus, Alysa has the lower opportunity cost.
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