If Joey Goes Surfing for Four Hours Instead of Earning

question 297

Multiple Choice

If Joey goes surfing for four hours instead of earning $10 per hour for those four hours, his opportunity cost is

• A)the good time spent surfing.
• B)the cost of gasoline used to get to the beach.
• C)the travel time to the beach.
• D)$40.

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Definitions:

Decision-making Process

A systematic series of steps undertaken to select the best course of action among several alternatives.

Authoritative

Commanding and self-assured; likely to be respected and obeyed, often used to describe a style of leadership or writing.

Constructive

An approach or feedback that is intended to bring about improvement or positive change.

Democratic Ideals

Principles that emphasize equality, freedom, and justice within a societal structure, promoting participation and representation in decision-making processes.