Kyle has two options to spend her school break in the summer: get a summer job that pays $2,000 or travel in Europe.The opportunity cost of the summer job is that Kyle
A)can earn more than $2,000.
B)can also travel in Europe.
C)has to give up traveling in Europe.
D)can save the money for traveling in Europe.
E)has to work and travel at the same time.

Question

Quizplus · Accepted Answer

The opportunity cost of choosing the summer job is the value of the next best alternative that Kyle has to give up, which is traveling in Europe.

Kyle Has Two Options to Spend Her School Break in the Summer