Suppose you have a choice of working full-time during the summer or going to summer school full-time. Summer tuition and books cost $2,200. If you worked, you could earn $7,000. Your rent for the summer is $1,000 irrespective of your choice. If these are the only relevant costs to consider, the opportunity cost of going to summer school is:

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account