Microeconomics (13th Edition)
Microeconomics (13th Edition)
13th Edition
ISBN: 9780134744476
Author: Michael Parkin
Publisher: PEARSON
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Chapter 10, Problem 12APA

(a)

To determine

The cost of buying a watch.

(b)

To determine

The opportunity cost of owning a watch.

(c)

To determine

The opportunity for economic profit.

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