Question

Consider an organization that exists to help the poor. The members of the organization are discussing alternative methods of aiding the​ poor, when a proponent of one particular method asserts​ that: ​"If only one poor person is helped with this​ method, then all our time and money would have been worth​ it." If you were a member of the​ organization, what reply best represents clear economic​ thinking?

Answer 1

Ignores the fact that the cost of helping that one person has an opportunity cost of what those funds could have been used for to help other people.

Step-by-step explanation:

If after all the work the organization could only help one person, the job would not be worth it because of the opportunity cost. Opportunity cost is a theoretical concept that measures the cost of what you fail to do when you have to make a choice of any kind. So if the work of the organization resulted in the help of one person, that organization would be ignoring the fact that the cost of helping one person has an opportunity cost than those funds could have been used to help other people.