Ask Question
17 September, 23:06

Page (s) 13-14 1.2. What are five foundations of economics? Arshad is trying to choose his college major. His options are physics, civil engineering, biology, and communications. He is leaning towards communications because he enjoys those classes, but is also concerned about his midcareer salary. Of his options, click on the major that represents Arshadâs opportunity cost of choosing to major in communications.

+2
Answers (1)
  1. 18 September, 01:33
    0
    Physics

    Explanation:

    Opportunity Cost

    When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.

    Since Arshad is concerned about his mid-career salary, Physics has the highest mid-career salary among the options, therefore opportunity cost of choosing to major in communications would be Physics
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Page (s) 13-14 1.2. What are five foundations of economics? Arshad is trying to choose his college major. His options are physics, civil ...” 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