Scenario 13-6
Ziva is an organic lettuce farmer, but she also spends part of her
day as a professional organizing consultant. As a consultant, Ziva
helps people organize their houses. Due to the popularity of her
home-organization services, Farmer Ziva has more clients requesting
her services than she has time to help if she maintains her farming
business. Farmer Ziva charges $25 an hour for her home-organization
services. One spring day, Ziva spends 10 hours in her fields
planting $130 worth of seeds on her farm. She expects that the
seeds she planted will yield $300 worth of lettuce.
Refer to Scenario 13-6. What is the total opportunity cost (implicit plus explicit costs) of the day that Farmer Ziva spent in the field planting lettuce?
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