You Have Chosen to Take a Trip During the Mid-Semester

question 145

Multiple Choice

You have chosen to take a trip during the mid-semester 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)We cannot determine what the opportunity cost is without knowing which alternative,working or studying,you would have preferred.
• B)the wages you would have earned from working and the lower grade earned by not studying.
• C)the wages you would have earned from working.
• D)the value of the trip.
• E)the lower grade earned by not studying.

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