Enzo has been offered two jobs. As a harvester at the local vineyard he would earn $9 an hour, and as a bagger at the grocery store he would earn $8 an hour. The benefits of working each job are the same. The opportunity cost of working at the grocery store is _______ per hour.

Question

Quizplus · Accepted Answer

The opportunity cost of choosing one option over another is the value of the opportunity lost. By choosing the grocery store job over the vineyard job, Enzo loses the opportunity to earn $9 an hour, making the opportunity cost exactly $9 per hour.

Enzo Has Been Offered Two Jobs