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15 May, 16:37

Scenario 18-3 sam has two jobs, one for the winter and one for the summer. in the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. during the summer, he drives a tour bus around the ski resort, earning $11 per hour. refer to scenario 18-3. during the winter months, what is sam's opportunity cost of taking an hour off work to go skiing?

a. $13

b. less than $11

c. $11

d. between $11 and $12

+3
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  1. 15 May, 17:08
    0
    A) - $13. The reason being that, opportunity cost is the benefit that a person could have received, but gave up, in order to take another course of action, which in this case is skiing. And since his salary per 1 hour in the winter months is $13, skiing for one hour instead of working during that hour will cost him $13
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Home » Business » Scenario 18-3 sam has two jobs, one for the winter and one for the summer. in the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. during the summer, he drives a tour bus around the ski resort, earning $11 per hour.
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