You Have the Choice of Going to Hawaii for a Week

question 411

Multiple Choice

You have the choice of going to Hawaii for a week, staying at work for the week, or spending the week skiing. If you decide to go to Hawaii, the opportunity cost is

• A) the value of working and skiing.
• B) the value of working or skiing, depending on which you would have done rather than go to Hawaii.
• C) working, because you would be giving up a week's pay.
• D) none of the above if you enjoy the time spent in Hawaii.

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Definitions:

Ichiro's

Refers to something associated with Ichiro Suzuki, a retired Japanese professional baseball outfielder who played in Major League Baseball (MLB) and Nippon Professional Baseball (NPB).

Motorcycle

A two-wheeled vehicle powered by an engine, known for its speed, maneuverability, and the sense of freedom it provides to riders.

Riding

The act of being carried or transported on the back of an animal, especially horses, or on vehicles like bicycles and motorcycles.

Apostrophes

Punctuation marks used to indicate possession or the omission of letters.