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Other Fields Homework Help Economics Topic started by: Nakeiat on Aug 5, 2018



Title: You have chosen to take a trip during spring break. If you had not gone, you would either have ...
Post by: Nakeiat on Aug 5, 2018
You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is
A) the wages you would have earned from working.
B) the lower grade earned by not studying.
C) the wages you would have earned from working and the lower grade earned by not studying.
D) the value of the trip.
E) We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.


Title: You have chosen to take a trip during spring break. If you had not gone, you would either have ...
Post by: Fleury on Aug 5, 2018
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Title: You have chosen to take a trip during spring break. If you had not gone, you would either have ...
Post by: Nakeiat on Aug 5, 2018
Appreciate the effort you put into answering, thank you!


Title: You have chosen to take a trip during spring break. If you had not gone, you would either have ...
Post by: Fleury on Aug 5, 2018
You're very welcome