Maria has two options to spend her school break in the summer: get a summer job that pays $3,000 or travel in Mexico. The opportunity cost of the summer job is that Maria
A)can earn more than $3,000.
B)can also travel in Mexico.
C)has to give up traveling in Mexico.
D)can save the money for traveling in Mexico.
E)has to work and travel at the same time.

Question

Quizplus · Accepted Answer

The opportunity cost of taking the summer job is giving up the opportunity to travel in Mexico. Therefore, the best choice for Maria would depend on her personal priorities and preferences. If she values experiencing new cultures and traveling more than earning money, traveling in Mexico would be the better choice for her. However, if she needs the money or values work experience more, taking the summer job would be the better choice.

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