Question: Suppose that you could either do your own tax return in 8 hours or hire a tax specialist to prepare it for you in 2

Suppose that you could either do your own tax return in 8 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$20.00an hour; the tax specialist will charge you $45 an hour. The opportunity cost of preparing your own tax return is

Multiple Choice

$250.
$45.
$90.
$160.

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