Denise Decides to Spend Three Hours Working Overtime Rather Than

question 340

Multiple Choice

Denise decides to spend three hours working overtime rather than watching a video with her friends.She earns $10 an hour.Her opportunity cost of working is

• A) the $30 she earns working.
• B) the $30 minus the enjoyment she would have received from watching the video.
• C) the enjoyment she would have received had she watched the video.
• D) nothing, since she would have received less than $30 of enjoyment from the video.

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Definitions:

Syndicate

A group of individuals or organizations combined to promote some common interest.

Business Organization

A legal entity formed to conduct business, including structures like corporations, partnerships, and sole proprietorships.

Federal Income Tax

A tax levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Sole Member

The only individual in ownership or participation of an entity, such as a single-member LLC.