Question 14 6 points Saved
Assume Amna works as a babysitter and ears 110 AED for each hour she works during the weekend. However, Amna also loves going to the Park for a walk. She sometimes does not
work as a babysitter in order to go enjoy her walk with her friends during the weekend. (6 Marks)
Explain the meaning of explicit costs and provide 1 example of any explicit cost that Amna may face if she chooses to go to the park instead of working as a babysitter. (3 marks)
Explain the meaning of implicit costs and provide 1 example of an implicit cost that Amna may face if she chooses to go to the park instead of working as a babysitter. (3 marks)