Solved

Allie's Car Needs an Oil Change

Question 70

Multiple Choice

Allie's car needs an oil change. She can take the car to an auto shop and have the oil changed for $35 or she can change the oil herself for $10. If Allie changes the oil herself, she will have to take two hours off from her job where she earns $15 per hour. Which of the following statements is true?


A) Allie should change the oil herself, because $10 is cheaper than $35.
B) The opportunity cost of changing the oil herself is $30.
C) Allie should change the oil herself, because the opportunity cost of changing it is only $30.
D) The opportunity cost of changing the oil herself is $40.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents