Sadie is getting ready to go to work where she earns $70 a day as a day laborer.Her friend Caroline calls her and asks her to go swimming with sharks for the day.Sadie decides to go with her.Sadie's choice implies that her opportunity cost of working is:

Question

Quizplus · Accepted Answer

The opportunity cost of going swimming with sharks is the amount of money Sadie would have made if she had gone to work, which is $70. However, Sadie chose to go swimming with sharks instead of working, indicating that the benefits of swimming with sharks are greater than the $70 she would have made by working. Therefore, the opportunity cost is greater than $70.

Sadie Is Getting Ready to Go to Work Where She