Refer to the information provided in Figure 6.11 below to answer the question that follows. Figure 6.11
-Refer to Figure 6.11. Gordon's opportunity cost of one hour of leisure is
A) $10.
B) $24.
C) $240.
D) indeterminate from this information.

Question

Refer to the information provided in Figure 6.11 below to answer the question that follows.  Figure 6.11
-Refer to Figure 6.11. Gordon's opportunity cost of one hour of leisure is
A) $10. 
B) $24. 
C) $240. 
D) indeterminate from this information.

Quizplus · Accepted Answer

Gordon's opportunity cost of one hour of leisure is the amount of income he would forego by not working that hour. If he earns $10 per hour, then choosing one hour of leisure costs him $10 in forgone earnings.

Refer to the Information Provided in Figure 6