Celine Dion of Montreal can prepare her own tax return in 12 hours or hire Justin Trudeau, who is a a tax specialist, to prepare it for Celine Dion in 3 hours. The value of Celine Dion's time is $25.00 an hour, Justin Trudeau will charge Celine Dion $60 an hour. The opportunity cost to Celine Dion of preparing her your own tax return is Multiple Cholce $180. $300. $300. $60. $480.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section: Chapter Questions
Problem 20AA
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Celine Dion of Montreal can prepare her own tax return in 12 hours or hire Justin Trudeau, who is a a tax specialist, to prepare it for Celine Dion in 3 hours. The value of Celine Dion's time is $25.00 an
hour, Justin Trudeau will charge Celine Dion $60 an hour. The opportunity cost
Celine Dion of preparing her your own tax return is
Multiple Cholce
$180
$300.
$300.
$60.
$480.
Transcribed Image Text:Celine Dion of Montreal can prepare her own tax return in 12 hours or hire Justin Trudeau, who is a a tax specialist, to prepare it for Celine Dion in 3 hours. The value of Celine Dion's time is $25.00 an hour, Justin Trudeau will charge Celine Dion $60 an hour. The opportunity cost Celine Dion of preparing her your own tax return is Multiple Cholce $180 $300. $300. $60. $480.
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