Question

Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion.
What is Ricardo’s opportunity cost?


losing extra time to spend with his friends
being able to use the extra money for summer football camp
losing the ability to spend any time with his friends
receiving another promotion in six months

Answer 1

The correct answer is a) losing extra time to spend with his friends. Though, if he manages to arrange his new responsibilities, eventually he will recover or find this time again. Gil-Monte, P. R. (2012) refers that besides affecting the economies of the countries, promotions have consequences on the active labor population, as they influence employment options; social or family relationships; training needs; the updating of knowledge and skills; the rhythms of work; the availability of resources; the ordering of labor processes; Changes in job offers, and also on the health of the population.  

Depending on his resilience and capability to adapt to his new position, eventually, he will have the chance to receive another promotion and also will have more money which will allow him to plan new activities such as the football camp he wants and eventfully he might also find new friends to share with common interests according to his new position.

Reference:  

Gil-Monte, P. R. (2012). Riesgos psico-sociales en el trabajo y salud ocupacional. Revista peruana de Medicina Experimental y Salud pública, 29, 237-241.

Answer 2

Losing extra time to spend with friends