Sadie is getting ready to go to work where she earns $70 a day as a day laborer. Her friend Caroline calls her and asks her to go swimming with sharks for the day. Sadie decides to go with her. Sadie's choice implies that her opportunity cost of working is:
1. equal to $70.
2. less than $70.
3. greater than $70.
4. Cannot say without more information
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sadie is getting ready to go to work where she earns $70 a day as a day laborer. Her friend Caroline calls her and asks her to go swimming ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When a user sorts a form in alphabetical order from A to Z rather than Z to A, the record is sorted in order.
Answers (1)
Employees are a vital part of the success of a service based business, particularly because they are normally present and interact with the customer considerably while the service is being provided.
Answers (1)
In the short run, perfectly (or purely) competitive firms will maximize their profit by producing (select all options that apply) :
Answers (1)
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3 Nov. 21 Received from McKenna Outer Wear Co.
Answers (1)
The classical model uses the assumption that question 45 options: a. monopoly is widespread in the economy. b. economic markets are fragile and have no tendency to move towards an equilibrium. c. interest rates are not flexible. d.
Answers (1)
New Questions in Business
If you were a police officer, at night during your shift, you confront a suspicious man walking in an elite neighborhood. You stop to question the man, but he refuses even to give you his name.
Answers (1)
The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a year-end credit balance equal to the cost of warranty repairs made during the year. is closed at the end of the year.
Answers (1)
What percentage of U. S. households have no access to banking services? A) 8 percent B) 10 percent C) 15 percent D) 50 percent
Answers (1)
Gina Davidson has received $50,000 in a divorce settlement and is trying to decide how to invest it. She has looked at stocks but knows that some stocks have lost a lot of value for their owners recently.
Answers (2)
Milo, a highly successful attorney, just received a $200 ticket for speeding. jim, an unemployed father of six, received a $50 fine for parking in a restricted area.
Answers (1)