10
QuizMultiple Choice

Opportunity Cost

Question 10 of 10 • 26-27 Ignite Economics-KY-Economics

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
A
losing extra time to spend with his friends and family
B
being able to use the extra money for summer football camp
C
losing the ability to spend any time with his family
D
receiving another promotion in six months