Which of the following demonstrates a scenario with no opportunity cost? -It\'s
ID: 1216720 • Letter: W
Question
Which of the following demonstrates a scenario with no opportunity cost?
-It's Friday night and you have no obligations the next day, so you stay up late talking and hanging out with your friends.
-The chemistry club is giving out free pizza for lunch to all who come to their table to get it.
-Naomi, age 8, is at a bookstore and chooses to buy a book about a young wizard instead of buying a math textbook that she would probably never open.
-Chez Moi and Chez Nous, two premiere French restaurants with three Michelin stars, both offer you a full time sous chef job at the same salary. You are ecstatic because you know it is a win-win scenario and choose to work for Chez Nous.
-All of these scenarios have an opportunity cost.
Explanation / Answer
ALL OF THESE SCENARIOS HAVE AN OPPORTUNITY COST.
WAKING UP ON FRIDAY NIGHT WILL RESULT IN THE LOSS OF SLEEP.
GOING TO THE CHEMISTRY CLUB TABLE WILL RESULT IN THE LOSS OF OPPORTUNITY TO GO ANOTHER CLUB.
BUYING BOOK OF WIZARD WILL RESULT IN THE LOSS OF OPPORTUNITY OF GETTING MATHEMATICS BOOK.
JOINING CHEZ NOUS WILL RESULT IN THE LOSS OF OPPORTUNITY TO WORK FOR CHEZ MOI.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.