Question

How must the dollar values of the opportunity costs of time compare for a typical purchaser of a vehicle converted by Becker Automotive, Inc., versus commuters who do not purchase them? Explain briefly.

Short answer

Nearly $\$150$billion.$\$150$

Step-by-step solution

Step 1. Opportunity Cost

The next best alternative to fulfill the desires of the alternative choices provided is the opportunity cost.

Step 2. Reason.

The dollar value of the opportunity costs of time compared to a typical purchaser of a vehicle converted by Becker Automotive Inc., versus commuters who do not purchase them is $\$150$a billion. The starting cost for conversion and also the time spent commuting is $7$billion hours.