Which of the Following Most Accurately Reflects the Opportunity Cost

question 119

Multiple Choice

Which of the following most accurately reflects the opportunity cost to a pharmacist who drives a taxi?

• A) the dollars spent on his previously acquired education in pharmacy
• B) the revenue derived from operating the cab
• C) zero if the pharmacist received his education on a scholarship that paid his full tuition
• D) the value of the pharmacist's time in its highest valued use other than driving a cab

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Definitions:

Strike-Slip Fault

A geological fault where two blocks of the crust move horizontally past one another, usually along a vertical or near-vertical fracture.

Hogback

A narrow ridgeline with steep slopes on both sides, commonly formed from the erosion-resistant edge of a tilted sedimentary rock layer.

Unmetamorphosed Sandstone

Sandstone that has not undergone metamorphism and retains its original sedimentary characteristics.

Cleavage

The tendency of a mineral to break along flat planar surfaces as determined by the structure of its crystal lattice.