You decide to go to LEGOLAND after you visit Disneyworld in Orlando. The cost of going to LEGOLAND after you visit Disneyworld is the ________ cost of getting from Disneyworld to LEGOLAND.
A) efficiency
B) marginal time and money
C) opportunity
D) profit maximizing

Question

Quizplus · Accepted Answer

The cost of going to LEGOLAND after visiting Disneyworld includes the additional time and money spent to travel and enjoy LEGOLAND, making it the marginal time and money cost. This term refers to the extra cost incurred for an additional activity or purchase beyond a previous decision, in this case, the decision to visit Disneyworld first.

You Decide to Go to LEGOLAND After You Visit Disneyworld