Problem 1) Opportunity cost:
You can spend spring break either at home working for $80 a day for five days or go to Florida for the week if you stay home, your expenses will total about $100. If you go to Florida, the airfare, hotel, food, and miscellaneous expenses will total about $700. What's your opportunity cost of going to Florida?
Problem 2) Specialization:
Provide some examples of specialized markets of retail outlets. What makes the Web so conducive to specialization?