3. Evaluating opportunity costs Janet and Felix need to decide which one of them will take time off from work to complete the rather urgent task of changing the brakes on their car, Janet is pretty...


3. Evaluating opportunity costs<br>Janet and Felix need to decide which one of them will take time off from work to complete the rather urgent task of changing the brakes on their car,<br>Janet is pretty good at car repairs; she can change the brakes in 30 minutes. Felix is somewhat slow; it takes him 5 hours to change the brakes. Janet<br>earns $160 per hour as a psychlatrist, while Felix earns $20 per hour as a cobbler.<br>Keeping in mind that either Janet or Felx must take time off from work to change the brakes, who has the lowest opportunity cost of completing the<br>task?<br>O Janet and Felix face equal opportunity costs<br>O Felix<br>O Janet<br>

Extracted text: 3. Evaluating opportunity costs Janet and Felix need to decide which one of them will take time off from work to complete the rather urgent task of changing the brakes on their car, Janet is pretty good at car repairs; she can change the brakes in 30 minutes. Felix is somewhat slow; it takes him 5 hours to change the brakes. Janet earns $160 per hour as a psychlatrist, while Felix earns $20 per hour as a cobbler. Keeping in mind that either Janet or Felx must take time off from work to change the brakes, who has the lowest opportunity cost of completing the task? O Janet and Felix face equal opportunity costs O Felix O Janet

Jun 08, 2022
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