If Joey goes surfing for four hours instead of earning $10 per hour for those four hours, his opportunity cost is

A) the good time spent surfing.
B) the cost of gasoline used to get to the beach.
C) the travel time to the beach.
D) $40.


D

Economics

You might also like to view...

In the United States from 1981 to 2013, deaths from ________ increased largely due to the effects of increasing obesity

A) cancer B) diabetes C) strokes D) heart attacks

Economics

Which round of GATT first addressed subsidies?

What will be an ideal response?

Economics

Since World War II, there have been ________ but ________ in the U.S. economy

a. no recessions; five depressions b. three depressions; no recessions c. recessions; no depressions d. depressions; no recessions

Economics

Explain the difference between cardinal and ordinal utility. Which is better to use when modeling consumer behavior and why?

Please provide the best answer for the statement.

Economics