If the value of a heap of asphalt to be used on one's driveway is greater than the opportunity cost of using the heap elsewhere, then the asphalt will:
A) be used elsewhere.
B) be used on the driveway.
C) not be used.
D) be used only sparingly.

Question

Quizplus · Accepted Answer

If the value of using the asphalt on the driveway is greater than the opportunity cost of using it elsewhere, then it makes economic sense to use it on the driveway. Therefore, the asphalt will likely be used on the driveway.

If the Value of a Heap of Asphalt to Be