Ricardo works part time at his 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, but the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. What is Ricardo's opportunity cost? Choosing the promotion over time with his friends. Being able to use the extra money for summer football camp. Losing extra time to spend with his friends. Receiving another promotion in six months.

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Business

Ronan

20 January, 19:29

Ricardo works part time at his 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, but the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. What is Ricardo's opportunity cost? Choosing the promotion over time with his friends. Being able to use the extra money for summer football camp. Losing extra time to spend with his friends. Receiving another promotion in six months.

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Elianna Bernard · Answer 1

An opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. I think the correct answer from the choices listed above is the first option. The opportunity cost that Rico has would be choosing the promotion over time with his friends. Hope this answers the question. Have a nice day.