Accepting work at the mall as a? part-time sales associate

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Opportunity cost is best defined as ______(all of the other or the next best) ?alternative(s) that must be sacrificed to obtain something or to satisfy a want.

Which of the following would least likely? be, for the typical? student, the opportunity cost of attending a class at? 11:00 a.m.?

A. Partying with a close circle of friends.

B. Getting the? "jump" on most students by getting to the dining hall for lunch before the? mid-day rush.

C. Accepting work at the mall as a? part-time sales associate.

D. Taking a much needed course offered by another department.

The opportunity cost of attending a class at? 11:00 a.m. will likely differ from the opportunity cost of attending a class at? 8:00 a.m. because

A. a? student's evaluation of any given set of alternatives is likely to be? time-sensitive.

B. nothing is going on at 8 a.m.

C. the number and variety of alternatives at 11 a.m. are likely to differ from those available at 8 a.m.

D. both A and C are correct.

Reference no: EM131173911

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