A college student working in a minimum-wage job has a __________ opportunity cost of __________ than a college dean.

Question

Quizplus · Accepted Answer

The opportunity cost is the value of the next best alternative foregone. In this case, the college student working in a minimum-wage job has a lower opportunity cost of leisure than the college dean because the dean likely has more responsibilities and therefore less free time to engage in leisure activities. Therefore, the answer is B, lower opportunity cost of leisure.

A College Student Working in a Minimum-Wage Job Has a __________