Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes
Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 19CTQ: Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers...
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