Henry decides to spend two hours playing golf rather than working at his job,which pays $8 per hour.What is Henry's tradeoff
A)the $16 he could have earned working for two hours
B)nothing, because he enjoys playing golf more than working
C)the increase in skill he obtains from playing golf for those two hours
D)nothing, because he spent $16 for green fees to play golf

Question

Quizplus · Accepted Answer

Henry's tradeoff is the value of what he could have earned if he had chosen to work instead of playing golf. In this case, it is the $16 he would have earned by working for two hours.

Henry Decides to Spend Two Hours Playing Golf Rather Than