You Have Chosen to Take a Trip During Spring Break

question 126

Multiple Choice

You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is

• A)the wages you would have earned from working.
• B)the value of the trip.
• C)the wages you would have earned from working and the lower grade earned by not studying.
• D)the lower grade earned by not studying.
• E)We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

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