John Is Trying to Decide How to Divide His Time

question 42

Multiple Choice

John is trying to decide how to divide his time between his job as a stocker in the local grocery store,which pays $7 per hour for as many hours as he chooses to work,and cleaning windows for the businesses downtown.He makes $2 for every window he cleans.John is indifferent between the two tasks,and the number of windows he can clean depends on how many hours he spends cleaning in a day,as shown in the table below: $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Cleaning time } \\\text { (hr/day) }\end{array} & \begin{array} { l } \text { Total numbers of } \\\text { windows cleaned }\end{array} \\\hline 0 & 0 \\\hline 1 & 7 \\\hline 2 & 11 \\\hline 3 & 14 \\\hline 4 & 16 \\\hline 5 & 17 \\\hline\end{array}$$
Refer to the information above.What is John's hourly opportunity cost of cleaning windows?

• A) $14
• B) $8
• C) $7
• D) $2

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Definitions:

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Economists who calculate the nation's total income, including GDP and GNP.

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The Gross Domestic Product serves as a gauge for a country's economic output, encapsulating the aggregate value of goods and services generated within a set period.

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The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of the world's economies.

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