01-20-2018, 09:15 PM
A. Is opportunity cost because you're giving up the potential funds you earn from that job by owning your own business.
B. Not opportunity cost because owning your own business wouldn't have an affect on a mutual fund.
C. You'll be paying for meals regardless of what job you have. Plus, you're not giving up anything by paying for meals. (This is a dumb question)
D. Also will be paying property taxes regardless of what job you have. Basically the same reasoning as C.
Source: Took microeconomics in the fall. Are you leaving out any kind of details? Asking cause C and D are just weird options to me. The only one that really makes any kind of sense to be opportunity cost is A.
B. Not opportunity cost because owning your own business wouldn't have an affect on a mutual fund.
C. You'll be paying for meals regardless of what job you have. Plus, you're not giving up anything by paying for meals. (This is a dumb question)
D. Also will be paying property taxes regardless of what job you have. Basically the same reasoning as C.
Source: Took microeconomics in the fall. Are you leaving out any kind of details? Asking cause C and D are just weird options to me. The only one that really makes any kind of sense to be opportunity cost is A.
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