Dave is majoring in computer information development at University of Environmental Sustainability.While he has been attending university, Dave has started a computer consulting business to help local residents set up a local skill-sharing network.Dave charges $25 per hour for his consulting services.Dave also works five hours a week for the Arts Faculty to maintain its departmental web page.The Arts Faculty pays Dave $20 per hour.From this information we can conclude that:
A)Dave should increase the number of hours he works for the Arts Faculty to make his income from it comparable to his consulting business income
B)Dave is obviously not maximising his wellbeing if he continues to work for the Arts Faculty
C)if Dave chooses one hour at the beach with his friends rather than spending one more hour with a consulting client, the forgone income of $20 is considered a cost of the choice to go to the beach
D)if Dave chooses one hour at the beach with his friends rather than spending one more hour with a consulting client, the forgone income of $25 is considered a cost of the choice to go to the beach

Question

Quizplus · Accepted Answer

Since Dave charges $25 per hour for his consulting services, the forgone income of choosing an hour at the beach instead of spending an hour with a consulting client would be $25, not $20. Therefore, option D is the correct answer. As for the other options, there is not enough information to determine whether Dave should increase his hours with the Arts Faculty or if he is maximizing his wellbeing.

Dave Is Majoring in Computer Information Development at University of Environmental