Ethan washes and irons his own shirts. Sophia, his boss, sends her clothes to a laundry. Which is the most plausible economic explanation for this difference?
A) Ethan must enjoy ironing more than Sophia does.
B) Ethan must be better at ironing than Sophia is.
C) The opportunity cost of ironing is greater for Ethan.
D) Sophia has a higher opportunity cost of laundering her clothes than Ethan does.
Correct Answer:
Verified
Q124: Rational choice requires that opportunity cost be
A)
Q125: The highest valued alternative that must be
Q126: When economists say an individual displays economizing
Q127: The benefit (or satisfaction) that an individual
Q128: During a war, governments will sometimes draft
Q130: Deciding how to make the best use
Q131: Which of the following is true?
A) Human
Q132: In economics the term utility refers to
A)
Q133: For a college student who wishes to
Q134: Economists make assumptions in order to
A) mimic
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