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Sarah’s friends are trying to convince her to leave her summer job one month early, from which she earns $1200 per month, to vacation in Costa Rica. If she goes there, her out-of-pocket expenses would be $2400. What is Sarah’s marginal opportunity cost of going to Costa Rica? If the marginal benefit she gets from the vacation is equivalent to $3500, should she go? Explain.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91273756

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