Aaron's Budget Is Such That He Can Afford Either a Large-Screen

question 6

Multiple Choice

Aaron's budget is such that he can afford either a large-screen high-definition TV or a trip to Disney for his whole family, both of which cost the same. Which of the following statements about Aaron's opportunity cost is correct?

• A)The opportunity cost of the Disney trip is the money Aaron pays for the trip.
• B)The opportunity cost of the Disney trip is the same as the opportunity cost of the TV because Aaron can afford only one or the other.
• C)There is nothing to say about the opportunity cost because we don't know how much the TV or the Disney trip costs.
• D)The opportunity cost of the Disney trip is the loss from not being able to buy the TV.
• E)The opportunity cost of either the TV or the Disney trip is the total cost of the TV and the Disney trip.

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Definitions:

Daytime Sleepiness

A condition characterized by an increased tendency to fall asleep during the day, often related to inadequate or disturbed nighttime sleep.

Sleep Cycle

The progression through various stages of sleep, including REM and non-REM phases, that occurs several times throughout the night.

Sleep

A naturally recurring state of mind and body, characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.

Rest

A period of relaxation, sleep, or inactivity, especially after a period of work or strenuous activity, allowing for recovery and rejuvenation.