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30 August, 06:15

You purchased a roundtrip ticket to a friend's wedding in Cleveland on Saturday for $400, but on Sunday you discover your return flight is canceled due to weather. The airline will not be able to get you back home until late Monday but Greyhound has an overnight bus route that arrives at 6:00am Monday for $60. What is the opportunity cost of missing work on Monday?

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  1. 30 August, 06:32
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    If person is willing to miss work on Monday then the airline will not cost him nothing and it is free of charge
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