Carlos Has Been Invited to Go Skiing for the Afternoon

question 7

Multiple Choice

Carlos has been invited to go skiing for the afternoon with his friends. If a lift ticket will cost him $40, Carlos will likely:

• A)overvalue the benefit of skiing.
• B)undervalue the opportunity cost of his afternoon.
• C)find it difficult to place a value on what he might do instead of skiing.
• D)All of these are correct.