In determining whether he wants to conduct a project, Professor Morales evaluates ___________ that include the amount of time and resources he will need to devote to the project.

Question

Quizplus · Accepted Answer

Opportunity costs refer to the benefits a person misses out on when choosing one alternative over another. In this context, Professor Morales is considering what he will have to give up (time and resources) to devote to the project, which aligns with the concept of opportunity costs.

In Determining Whether He Wants to Conduct a Project, Professor