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An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is

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An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is

An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is
A) the cost of bait, any other monetary expenses, and the value of the best alternative use of the individual's time.
B) zero, because the person doesn't have a job.
C) the cost of bait and any other monetary expenses.
D) the cost of bait, any other monetary expenses, and the value of the individual's wages while he was working.

Textbook

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

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sinerus Author

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