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You are using a car you bought three years ago for $20,000 only to go to work and back. A new metro station is to be opened one block from your house that will take you to a distance of one block from your office. Somebody suggests that you should sell your car and go to work by metro. What are the parameters you consider in deciding to accept the suggestion?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92741833

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