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Mr. Brown makes $400 an hour as an attorney and is considering paying someone $1,000 to paint his house. This job will take four days to complete. 1. What are the possible options for Mr. Brown?
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Mr. Brown makes $400 an hour as an attorney and is considering paying someone $1,000 to paint his house. This job will take four days to complete.

1. What are the possible options for Mr. Brown?

User Wilsotc
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7 votes

Answer:

His opportunity cost for doing it himself is the lost wages for four hours of work. $1,600-$1,000 = $600 opportunity cost

Step-by-step explanation:

User Mtbkrdave
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