Sadie earns $70 a day at her job. Sadie's friend Caroline invites her to go swimming with sharks on a day that Sadie is scheduled to work. Sadie decides to call off work and swim with sharks instead. Sadie's choice implies that her opportunity cost of working is:
A) less than $70.
B) greater than $70.
C) equal to $70.
D) This cannot be answered without more information.
Correct Answer:
Verified
Q43: Eli earns $8 an hour working at
Q44: In the market for labor:
A)firms are the
Q45: By comparing the value of marginal product
Q46: The value of marginal product graphed against
Q47: At the competitive firm's profit-maximizing quantity of
Q49: When the competitive firm's value of the
Q50: The competitive firm's profit-maximizing quantity of labor
Q51: We think about the cost of supplying
Q52: For a competitive firm, the price of
Q53: For a competitive firm, the value of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents