Question

If you choose between two summer jobs, what is the one you do not choose called?. A. trade-off . B. opportunity cost . C. decision at the margin . D. opportunity at the margin . (i know this is such a simple question all i would have to do is google the meanings but im getting the meanings confused :/ i thought the answer was C but if someone could maybe simplify the meaning so help explain to me why im wrong i would really appreciate it. thanks!)

Answer 1

The answer to the question above is letter b. If you choose between two summer jobs, the one that you do not choose is called opportunity cost. The most desirable alternative given up as a result of a decision furthers the explanation of the opportunity cost.

Answer 2

Opportunity cost is the name that is given to the job that you do not choose, when you have to choose between two summer jobs. The correct option among all the options that are given in the question is the second option or option "B". I hope that the answer has come to your help.