Mallory Decides to Spend 3 Hours Working Overtime Rather Than

question 183

Multiple Choice

Mallory decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $8 an hour. What is her opportunity cost of working?

• A)the $24 she earns working
• B)the $24 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 $24 of enjoyment from the video

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Definitions:

Wedge Brakes

An air foundation brake system in which an air chamber forces a wedge between brake shoes forcing them into a brake drum to effect retarding force. Wedge brakes are usually actuated on both sides (unlike S-cam brakes) and so have higher theoretical braking efficiencies.

Maintenance Costs

The expenses associated with keeping an item, equipment or property in its best operating condition, including repairs, replacements, and routine check-ups.

Dry Cement

A powdery substance made by calcining lime and clay, used with water to make concrete, mortar, or plaster.

Dry Bulk Pressure Hopper

A container designed for transporting dry bulk materials, utilizing pressurized air to aid in the unloading process.