Among the people who are characterized below, who has the highest opportunity cost of leisure?
a. an attorney who earns $200 per hour and who plays golf during her leisure time
b. a medical doctor who earns $210 per hour and who sleeps during his leisure time
c. a retail clerk who earns $15 per hour and who watches tv during her leisure time
d. a waiter who earns $12 per hour and who reads poetry during his leisure time
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Among the people who are characterized below, who has the highest opportunity cost of leisure? a. an attorney who earns $200 per hour and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Does a rising GDP benefit everyone? Explain
Answers (1)
The stock is currently selling for $15.25 per share, and its noncallable $1,000 par value, 20-year, 7.25% bonds with semiannual payments are selling for $875.00. the beta is 1.25, the yield on a 6-month treasury bill is 3.
Answers (1)
If you're already working, what led you to choose this job? Do you think it was a good choice?
Answers (1)
Which of the following is most likely to lead to sustained long-run growth? A. increases in the labor participation rate B. exploitation of natural resources C. increases in human capital D.
Answers (1)
Find the websites of three different financial institutions that offer the money management tools discussed in this section. Write a report (about 500 words) describing how you would use each of these tools.
Answers (1)
New Questions in Business
Intellectual property assets are A. depreciated B. depleted C. amortized D. Expensed
Answers (2)
Jane smith currently holds tax-exempt bonds of good samaritan health care that 7% interest. she is in the 35% tax bracket. her broker wants her to buy some beverly enterprises taxable bonds that will be issued next week.
Answers (1)
Julio decides his business will begin staying open until 7 p. m. instead of 6 p. m. The next day, the shop stays open until 7 p. m. This environment of flexibility to quickly change is characteristic of what form of business organization?
Answers (1)
Which of the following factors does not cause a shift in the labor demand curve? A. Changing technology. B. Changes in output prices. C. Changes in the wage rate. D. Changing input prices.
Answers (1)
What is the name given to the operations used by most organizations to reach their customer goals? O A. Research and development O B. Universal marketing functions O C. Customer support O D. Market planning
Answers (2)