Question:

Can you help me with Econ??

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The costs are the monetary costs of the trip, lodging, & food + the opportunity costs of lost income & other leisure.

How can you measure the benefits of the trip?

A. All of the above

B. Your travel agent can tell you

C. Gut Feel => Willingness To Pay (Implicit Calculation)

D. It is impossible to estimate benefits

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1 ANSWERS


  1. C.

    though A is kind of funny.....hence, nothing is above it.

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