Suppose That You Could Either Prepare Your Own Tax Return

question 121

Multiple Choice

Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$11an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is

• A)$275.
• B)$55.
• C)$110.
• D)$165.

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Definitions:

Serous Glands

Glands that produce and secrete serous fluid, a clear, watery fluid that lubricates body cavities and organs.

Mucous Glands

Specialized glands that produce and secrete mucus, which functions in lubrication and protection of various internal surfaces of the body.

Endocrine Glands

Glands that secrete hormones directly into the bloodstream, regulating various bodily functions such as metabolism, growth, and reproduction.

Exocrine Glands

Glands that release their secretions through ducts directly onto an epithelial surface or into the external environment.