Question

Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their professional or financial situation would enable them to dial back. A key concept in this context is that of the opportunity cost of leisure. How is this concept best explained

Answer 1

Answer:

The summary including its perceived task is demonstrated in the following segment on the interpretation.

Explanation:

• The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).
• This is much less the continuation of something like a withheld opportunity than that of the recovery on the alternative you picked.