Asked by
joanna guevara
on Dec 12, 2024
Verified
Ethan washes and irons his own shirts. Sophia, his boss, sends her clothes to a laundry. Which is the most plausible economic explanation for this difference?
A) Ethan must enjoy ironing more than Sophia does.
B) Ethan must be better at ironing than Sophia is.
C) The opportunity cost of ironing is greater for Ethan.
D) Sophia has a higher opportunity cost of laundering her clothes than Ethan does.
Opportunity Cost
The benefit missed out on when choosing one alternative over another, emphasizing the impact of choice on resource allocation.
- Apprehend the principle of opportunity cost and its critical role in the process of making decisions.
- Understand the finite nature of resources and the criticality of conservative usage.
Verified Answer
BA
Learning Objectives
- Apprehend the principle of opportunity cost and its critical role in the process of making decisions.
- Understand the finite nature of resources and the criticality of conservative usage.
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