Why would economists find it surprising if the CEO of a large company does his or her own housework?
A) The opportunity cost of CEO's time is quite high because they have an abundance of time to spend on housework.
B) The opportunity cost of CEO's time is quite low because they have a scarcity of time to spend on housework.
C) The opportunity cost of CEO's time is quite low because they have an abundance of time to spend on housework.
D) The opportunity cost of CEO's time is quite high because they have a scarcity of time to spend on housework.
E) The opportunity cost of a CEO's time is equal to that of everyone else that works at the same company.

Question

Quizplus · Accepted Answer

Economists would find it surprising if the CEO of a large company does his or her own housework because the opportunity cost of their time is quite high due to the scarcity of time they have available to spend on non-work-related activities. As the CEO, their time is much more valuable doing tasks directly related to running the company, which is their main responsibility.

Why Would Economists Find It Surprising If the CEO of a Large