Eli is headed to his job harvesting grapes at a local vineyard. He earns $8 every hour he works there. He could also earn $7 an hour working as a bagger at the local grocery. Assuming Eli can only choose between these 2 jobs and that the benefits of each job are the same. Eli’s opportunity cost every hour he decides to work at his harvesting job is:

A. more than $7.
B. less than $7.
C. exactly $7.
D. more than $7.


C. exactly $7.

Economics

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Economics