You Have Driven 800 Miles on a Vacation and Then

question 80

Multiple Choice

You have driven 800 miles on a vacation and then you notice that you are only 15 miles from an attraction you hadn't known about,but would really like to see.In computing the opportunity cost of visiting this attraction you had not planned to visit,you should include

• A)both the cost of driving the first 800 miles and the next 15 miles.
• B)the cost of driving the first 800 miles,but not the cost of driving the next 15 miles.
• C)the cost of driving the next 15 miles,but not the cost of driving the first 800 miles.
• D)neither the cost of driving the first 800 miles nor the cost of driving the next 15 miles.

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Definitions:

Algorithm

A set of rules or procedures to be followed in calculations or problem-solving operations.

Step-By-Step Procedure

A detailed series of actions or instructions laid out in order to accomplish a specific task or process.

Possible Alternatives

Different options or courses of action that could be taken in a situation or used to solve a problem.

Searching For Analogies

A cognitive process that involves looking for similarities between different concepts or situations to understand new information or solve problems.