Enzo currently works two part-time jobs. As a harvester at the local vineyard he earns $9 an hour, and as a bagger at the grocery store he earns $8 an hour. The benefits of working each job are the same. When Enzo decides to work at the vineyard instead of the grocery store, this implies that his opportunity cost of doing so is _______ per hour.

Question

Quizplus · Accepted Answer

The opportunity cost of working at the vineyard instead of the grocery store is the wage he forgoes at the grocery store, which is exactly $8 per hour.

Enzo Currently Works Two Part-Time Jobs