Scenario 18-3 sam has two jobs, one for the winter and one for the summer. in the winter, he works as a lift attendant at a ski

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3 years ago

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Scenario 18-3 sam has two jobs, one for the winter and one for the summer. in the winter, he works as a lift attendant at a ski

resort where he earns $13 per hour. during the summer, he drives a tour bus around the ski resort, earning $11 per hour. refer to scenario 18-3. during the winter months, what is sam's opportunity cost of taking an hour off work to go skiing?
a. $13
b. less than $11
c. $11
d. between $11 and $12

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1 answer:

Xelga [282] · Answer 1 · 2022-08-31T18:31:13+03:00

<span>A) -$13. The reason being that, opportunity cost is the benefit that a person could have received, but gave up,in order to take another course of action, which in this case is skiing. And since his salary per 1 hour in the winter months is $13, skiing for one hour instead of working during that hour will cost him $13</span>