Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$11an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is
A)$275.
B)$55.
C)$110.
D)$165.

Question

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The Answer of Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$11an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is
A)$275.
B)$55.
C)$110.
D)$165.

Suppose That You Could Either Prepare Your Own Tax Return