Refer to Scenario 13-2. If Kachina can work additional hours at either job, what is the opportunity cost if she spends one hour reading a novel?

A) $20
B) $25
C) $100
D) $125

Question

Refer to Scenario 13-2. If Kachina can work additional hours at either job, what is the opportunity cost if she spends one hour reading a novel?A) $20B) $25C) $100D) $125

Pham Minh Anh (K13_HN) · Accepted Answer

Final Answer : B, Explanation :  The opportunity cost of reading a novel for one hour is the value of the highest-paying alternative forgone, which is her consulting business at $25 per hour.

Refer to Scenario 13-2. If Kachina can work additional hours at either job, what is the opportunity cost if she spends one hour reading a novel?

A) $20
B) $25
C) $100
D) $125

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Learning Objectives

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