Scenario 18-3
Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour.
-Refer to Scenario 18-3. During the summer months, what is Sam's opportunity cost of taking an hour off work to go hiking?
A)$13
B)between $11 and $12
C)$11
D)less than $11

Question

Quizplus · Accepted Answer

Since Sam earns $11 per hour during the summer, his opportunity cost of taking an hour off work to go hiking is also $11. This is because if he chooses to go hiking, he is giving up the chance to earn $11 during that hour. Therefore, the correct answer is option C.

Scenario 18-3 Sam Has Two Jobs, One for the Winter and One