Kyle Has Two Options to Spend Her School Break in the Summer

question 125

Multiple Choice

Kyle has two options to spend her school break in the summer: get a summer job that pays $2,000 or travel in Europe.The opportunity cost of the summer job is that Kyle

• A)can earn more than $2,000.
• B)can also travel in Europe.
• C)has to give up traveling in Europe.
• D)can save the money for traveling in Europe.
• E)has to work and travel at the same time.

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Definitions:

Cheques

Written orders to a bank to pay a specified amount from the writer's account to the person in whose name the cheque has been issued.

BAT Model

A behavioral approach to understanding and modeling how consumers make purchasing decisions, considering factors such as beliefs, attitudes, and traditions.

Disbursements

Money paid out by a business or organization for various purposes, including operating expenses, investments, and dividends.

Fixed Cost

Costs that do not fluctuate with changes in production level or sales volume, such as rent or salaries.