You have chosen to take a trip during spring break. If you had not gone, you...

 

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You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is Select one: O Ⓒ O D O A. the wages you would have earned from working. B. the wages you would have earned from working and the lower grade earned by not studying. 4 C. the lower grade earned by not studying. D. the value of the trip. E. We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred. You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is Select one: O Ⓒ O D O A. the wages you would have earned from working. B. the wages you would have earned from working and the lower grade earned by not studying. 4 C. the lower grade earned by not studying. D. the value of the trip. E. We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

Answer rating: 100% (QA)

Solution Option B is correct Explanation The opportunity cost of t... View the full answer