You have the choice of going on vacation to Florida for one week, staying at work for the week, or spending the week doing fix- up projects around your house.If you decide to go to Florida, the opportunity cost of the trip is
A) working or doing fix- up projects, depending on which you would have done otherwise.
B) nothing because you will enjoy the trip to Florida.
C) variable depending on the weather you leave behind in Canada.
D) working, because you would be giving up income.
E) working and doing fix- up projects.
Correct Answer:
Verified
Q70: Which of the following sayings best describes
Q71: Monika will choose to eat a seventh
Q72: The night before a history test, you
Q73: Marginal benefit is
A)the benefit that arises from
Q74: When the government chooses to use resources
Q76: A university decides to change its late
Q77: Sally has to decide whether to study
Q78: When the government of Alberta chooses to
Q79: Complete the following sentence.Marginal cost is
A)the opportunity
Q80: Opportunity cost is
A)the marginal benefit from 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