You Have Chosen to Take a Trip During Spring Break

question 335

Multiple Choice

You have chosen to take a trip during spring break.If you had not gone,you would either have worked at a temporary job or studied for exams.The opportunity cost of your trip is

• A) the wages you would have earned from working.
• B) the lower grade earned by not studying.
• C) the wages you would have earned from working and the lower grade earned by not studying.
• D) the value of the trip.
• E) We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

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Definitions:

Wireless Access Points

Devices that allow wireless devices to connect to a wired network using Wi-Fi or related standards.

Portable Devices

Electronic devices that are small enough to carry with you easily, such as smartphones, tablets, and laptops.

Communication Server

A server that manages all communications between devices on a network, facilitating messaging, email, and other forms of digital communication.

E-Mail

Electronic Mail, a method of exchanging digital messages across the Internet or other computer networks.