Here Are Three Things You Could Do If You Do

question 13

Multiple Choice

Here are three things you could do if you do not attend your neighbor's barbecue: watch television with some friends (you value this at $17) ,read a good novel (you value this at $14) ,or go in to work (you could earn $16 during the barbecue) .The opportunity cost of going to your neighbor's barbecue is

• A) $16, because this is the only alternative of the three where you actually receive a monetary payment.
• B) $14, because this is the lowest valued alternative forfeited.
• C) $17, because this is the highest valued alternative forfeited.
• D) $47, because this is the total dollar sum of the alternatives forfeited.

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Definitions:

Influence Attempts

Actions or strategies employed by individuals or groups to sway or alter another's decisions, behavior, or perspectives.

Networking

The act of interacting with others to exchange information and develop professional or social contacts.

External Behavior

Actions or reactions of an individual that are observable and measurable by others.

Broadly Defined Categories

Classifications or groupings that encompass a wide range of elements or instances.