The opportunity cost of an airplane flight:
A) differs across passengers only to the extent that each traveler pays a different airfare.
B) is identical for all passengers and equal to the number of hours a particular flight takes.
C) differs across passengers to the extent that both airfares paid and the highest valued use of travel time vary.
D) is equal to the cost of a bus ticket, the next best form of alternative transportation to flying.
Correct Answer:
Verified
Q56: Which of the following is not an
Q57: Which of the following is an example
Q58: Entrepreneurship is:
A)human capital.
B)another word for the financial
Q59: Which of the following is not a
Q60: An example of an intangible good is:
A)an
Q62: "If I didn't have class tonight, I
Q63: The opportunity cost of an item is:
A)greater
Q64: Jamie and Danny both attend the same
Q65: The opportunity cost of attending a university
Q66: The opportunity cost of an action is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents