Bob wants to go on vacation with a friend but he does not have any paid time off from his job. The vacation will last on

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Bob Wants To Go On Vacation With A Friend But He Does Not Have Any Paid Time Off From His Job The Vacation Will Last On 1 (63.42 KiB) Viewed 19 times

Bob wants to go on vacation with a friend but he does not have any paid time off from his job. The vacation will last one week and it will cost him $800. Each week at work Bob earns $1,000. The explicit cost of Bob taking the vacation is $ 1800 The implicit cost of Bob taking the vacation is $0 The opportunity cost of Bob taking the vacation is $ 1800