Asked by Joyce Beddingfield on May 27, 2024
Verified
Although sleeping in on a work day or school day has an opportunity cost,sleeping late on the weekend does not.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
- Comprehend the concept of opportunity cost in different scenarios.
Verified Answer
AG
aliyah gutierrezMay 31, 2024
Final Answer :
False
Explanation :
Sleeping late on the weekend still has an opportunity cost because it represents time that could have been used for other activities, such as studying, exercising, or spending time with family and friends.
Learning Objectives
- Comprehend the concept of opportunity cost in different scenarios.