Joanna is paid $50 an hour to DJ at Club Keynes on Friday and Saturday nights. The Club is closed all other nights. She also is paid $15 an hour to work at the library. The library lets her work as many hours as she wants. Club Karl wants to hire Joanna to DJ on Thursday nights. The marginal opportunity cost of hiring Joanna at Club Karl is $15 an hour.

Question

Quizplus · Accepted Answer

The marginal opportunity cost is the amount that Joanna would give up by not working at the library on Thursday night, which is $15 an hour. Therefore, it is true that the marginal opportunity cost of hiring Joanna at Club Karl is $15 an hour.

Joanna Is Paid $50 an Hour to DJ at Club