"If I Didn't Have Class Tonight, I Would Save the $4

question 50

Multiple Choice

"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour." The opportunity cost of attending class this evening is:

• A)​$4.
• B)​$40.
• C)​$44.
• D)​$0.

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Definitions:

Sole Proprietorships

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Sole Proprietorships

Business entities owned and operated by a single individual, with no legal distinction between the owner and the business.

Financing

The process of providing funds for business activities, making purchases, or investing.

Opportunity Cost

The opportunity cost is the value of the best alternative forgone when a decision is made to take a specific action, representing the trade-offs inherent in every decision.