You have the choice of going to Hawaii for a week, staying at work for the week, or spending the week skiing. If you decide to go to Hawaii, the opportunity cost is
A) working, because you would be giving up a weekʹs pay.
B) the value of working or skiing, depending on which you would have done rather than go to Hawaii.
C) the value of working and skiing.
D) None of the above if you enjoy the time spent in Hawaii.
Correct Answer:
Verified
Q97: The term human capital refers to
A) entrepreneurship
Q98: Human resources that perform the functions of
Q99: Differences in income are most directly related
Q100: Because we face scarcity, every choice involves
A)
Q101: Joe likes to sleep late in the
Q103: After you graduate, you have decided to
Q104: The opportunity cost of attending college includes
Q105: Bill Bonecrusher graduates from college with a
Q106: Fred and Ann are both given free
Q107: Which of the following is NOT an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents