Scenario 18-3
Jerry has two jobs,one for the winter and one for the summer.In the winter,he works as a lift attendant at a ski resort where he earns $10 per hour.During the summer,he drives a tour bus around the ski resort,earning $12 per hour.
-Refer to Scenario 18-3.During the winter months,what is Jerry's opportunity cost of taking an hour off work to go skiing?

Question

Quizplus · Accepted Answer

Jerry's opportunity cost of taking an hour off work to go skiing during the winter would be equal to the amount he would have earned during that hour, which is $10 per hour. Since he is working as a lift attendant at a ski resort, he may have the opportunity to ski for free during his off-hours, which would not incur any additional opportunity cost. Therefore, the correct answer is C - $10.

Scenario 18-3 Jerry Has Two Jobs,one for the Winter and One for One