As an insurance claims adjuster,Rosa is responsible for data management,which includes record keeping and client management.However,her supervisor has assigned Rose some new responsibilities.As a result of these new duties,Rose is finding that she isn't able to process as many claims as she could in the past.What concept does this demonstrate?
A)comparative advantage
B)fixed cost
C)absolute advantage
D)opportunity cost

Question

Quizplus · Accepted Answer

This situation demonstrates the concept of opportunity cost, where Rosa's new responsibilities have caused her to have less time and resources to process claims, resulting in the opportunity cost of not being able to process as many claims as before.

As an Insurance Claims Adjuster,Rosa Is Responsible for Data Management,which