Question 2 of 10 • EAP-Economics and Personal Finance B
Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends and family. In the end, he decides to take the promotion.What is Ricardo’s opportunity cost?
Answer
l
losing extra time to spend with his friends and family
b
being able to use the extra money for summer football camp
l
losing the ability to spend any time with his family