Question and answer
Marie decides to work all summer rather than going on vacation. She will be able to earn money and learn new skills but will not be able to spend much time with her friends. What is the opportunity
cost in this scenario? going on vacation spending time with friends earning money working all summer
The answer would be: Earning money by working all summer.
Expert answered|tektek10|Points 19|
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Asked 339 days ago|10/10/2013 6:46:58 AM
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Economists state that every decision involves trade-offs. Economists measure and define these trade-offs as: a. productions possibilities curve. c. circular flow of economic activity. b. paradox of value. d. opportunity costs.
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Asked 339 days ago|10/10/2013 6:59:27 AM
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