Question: Dana, who is a trained yoga instructor, spends 4 hours on Monday baking and packing 10 boxes of cookies. She sells the cookies for $10
Dana, who is a trained yoga instructor, spends 4 hours on Monday baking and packing 10 boxes of cookies. She sells the cookies for $10 a box. Given that she can also teach yoga for $80 an hour, what is her opportunity cost of baking cookies?
A. $220
B. $800
C. $320
D. $420
E. $100Step by Step Solution
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In economics opportunity cost is the potential benefit or income that is given up when choosing one ... View full answer
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