104k views
1 vote
Chris is spending the summer volunteering as a lifeguard. The other job he could have had was to paint houses for $440/week. His opportunity cost of life guarding this summer is:

A: $400/week
B: $440/week
C: $840/week
D: Either $400 or $440/week
E: None of the above

User SourabhKus
by
7.9k points

1 Answer

0 votes
his opportunity cost is B $440/week because he is losing that in order to volunteer
User Pong Petrung
by
8.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.