Chris is spending the summer volunteering as a lifeguard. The other job he could have had was to paint houses for $440/week. His opportunity cost of life guarding this summer is:

A: $400/week

B: $440/week

C: $840/week

D: Either $400 or $440/week

E: None of the above

Question

Amy Wheeler

31 December, 19:33

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Kira · Answer 1

His opportunity cost is B $440/week because he is losing that in order to volunteer

Chris is spending the summer volunteering as a lifeguard. The other job he could have had was to paint houses for $440/week. His opportunity cost of life guarding this summer is:A: $400/weekB: $440/weekC: $840/weekD: Either $400 or $440/weekE: None of the above