Let Us Suppose That If Oprah Winfrey Was Not a Superstar

question 4

Multiple Choice

Let us suppose that if Oprah Winfrey was not a superstar she would have been a judge making $100,000 per year. If she makes $63 million dollars this year, her opportunity cost is

• A) $63.0 million.
• B) $63.1 million.
• C) $100,000.
• D) $62.9 million.

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Definitions:

Implementing Plan

The process of putting a designed strategy or plan into action to achieve specific goals.

Data Collecting

The systematic approach to gather and measure information on variables of interest, in a way that enables one to answer research questions, test hypotheses, and evaluate outcomes.

Ideas Developing

The process of forming new concepts, innovations, or creative thoughts.

Key Areas

Essential or major aspects of a subject, project, or field that are critical for understanding or success.