Jimmy Is Very Excited About the Costume Party with a 1990s

question 76

Multiple Choice

Jimmy is very excited about the costume party with a 1990s theme.He is planning to dress up as MC Hammer but is also considering going as a lifeguard from Baywatch.His opportunity cost of arriving dressed like MC Hammer is:

• A) the cost of parachute pants that MC Hammer would wear.
• B) the savings from not purchasing red swimming trunks.
• C) giving up the alternative of dressing like a lifeguard.
• D) there is no opportunity cost because he attended the party either way.

---

Definitions:

Cabinet

A body of high-ranking state officials, typically consisting of the top leaders of the executive branch, appointed to advise the head of government and implement government policies.

Major Service Organizations

Non-profit organizations that provide support, advocacy, and services to specific groups, often including veterans, and play significant roles in community building and social support.

Hierarchy of Authority

A rank order of authority within an organization, establishing clear paths of responsibility and reporting.

Bureaucrat

An official in a governmental or corporate institution, often perceived as being concerned with procedural correctness at the expense of people's needs.