You have the option to play tennis or a round of golf (but not both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to $70 , while golf has value to you equal to $105. Tennis courts are publicly available at no cost, but golf costs $20 per round. Suppose your wage from working is $12 per hour. The net benefit from playing tennis is $ _ and the net benefit from playing golf is $ _ (Enter your responses as integers).

Question

Taryn Bass

Business

4 January, 09:11

You have the option to play tennis or a round of golf (but not both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to $70 , while golf has value to you equal to $105. Tennis courts are publicly available at no cost, but golf costs $20 per round. Suppose your wage from working is $12 per hour. The net benefit from playing tennis is $ _ and the net benefit from playing golf is $ _ (Enter your responses as integers).

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Answers (1)

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Jacoby Durham · Answer 1

Value (Playing Tennis) = $70

Value (Playing Golf) = $105

Net benefit (Tennis) = $70 - ($12 x 2hr)

= $70-$24

= $46

Net benefit (Golf) = $105-$20 - ($12 x 4hr)

= $85-$48

= $37

You have the option to play tennis or a round of golf (but not both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to $70 , while golf has value to you equal to $105. Tennis courts are publicly available at no cost, but golf costs $20 per round. Suppose your wage from working is $12 per hour. The net benefit from playing tennis is $ 46 and the net benefit from playing golf is $ 37