Answered

IDNLearn.com is your trusted platform for finding reliable answers. Join our interactive community and get comprehensive, reliable answers to all your questions.

Kim decides to go to the zoo on Tuesday afternoon. On Tuesday, Kim's boss assigns a new project due by the end of the day. Which of the following statements describes the
opportunity cost of Kim using Tuesday to work on the project?
Kim enjoys an afternoon at the zoo.
Kim's project will be late.
Kim gets fired from the job.
Kim will save the cost of the zoo ticket.

Sagot :

Answer:

A

Explanation:

i took the test

Lanuelidn

A statement which best describes the opportunity cost of Kim using Tuesday to work on the project is: A. Kim enjoys an afternoon at the zoo.

What is an opportunity cost?

An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something that is deemed most significant at a particular point in time.

In this context, we can infer and logically deduce that the opportunity cost for Kim was having to choose whether work on the new project or going to the zoo on the same day.

In conclusion, a statement which best describes the opportunity cost of Kim using Tuesday to work on the project is that he enjoys an afternoon at the zoo, thereby, forfeiting the new project.

Read more on opportunity cost here: brainly.com/question/8846809

#SPJ1

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Your questions find clarity at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.