The Opportunity Cost of an Extra Hour of Leisure Is

question 65

Multiple Choice

The opportunity cost of an extra hour of leisure is:

• A)$1.
• B)the hourly wage rate.
• C)the same as the price of money.
• D)the VMPL.

---

Definitions:

Bibliographic Information

Bibliographic information includes critical details about a publication, such as author, title, publisher, date, and pages, used for citation and research purposes.

Documentation

Full bibliographic information so that interested readers can go to the original source of material used in a report.

Formal Report

A report containing formal elements such as a title page, a transmittal, a table of contents, and an abstract.

Transmittal

A message explaining why something is being sent.