Question

A student can get paid $12 per hour to run a three-hour economics tutoring session, or he can take a five-hour shift helping at his mom’s store that pays $15 per hour. What is the opportunity cost of working at the store? $12 $75 $36 $45 $60

Answer 1

It’s is $75 because he gets paid $15 an hour for 5 hours so 15x5=75

Answer 2

Answer: C. $36

Explanation:

Opportunity cost refers to the best economic alternative so in this case, it would be referring to the student tutoring for three hours. $12x3=$36