Answer:
Explanation:
Value ( Playing Tennis) = $70
Value ( Playing Golf) = $105
Net benefit (Tennis) =$70-($12 x 2hr)
                 = $70-$24
                 = $46
Net benefit (Golf) = $105-$20-($12 x 4hr)
               = $85-$48
               = $37
You have the option to play tennis or a round of golf​ (but not​ both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to ​$70​, while golf has value to you equal to ​$105. Tennis courts are publicly available at no​ cost, but golf costs ​$20 per round. Suppose your wage from working is ​$12 per hour.The net benefit from playing tennis is $ 46 and the net benefit from playing golf is $ 37