Question 14
6 points Saved
Assume Amna works as a babysitter and ears 110 AED for each hour...
Mathematics, 04.02.2022 21:50 Blaise2653
Question 14
6 points Saved
Assume Amna works as a babysitter and ears 110 AED for each hour she works during the weekend. However, Amna also loves going to the Park for a walk. She sometimes does not
work as a babysitter in order to go enjoy her walk with her friends during the weekend. (6 Marks)
Explain the meaning of explicit costs and provide 1 example of any explicit cost that Amna may face if she chooses to go to the park instead of working as a babysitter. (3 marks)
Explain the meaning of implicit costs and provide 1 example of an implicit cost that Amna may face if she chooses to go to the park instead of working as a babysitter. (3 marks)
Answers: 1
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