Refer to Figure 6.11. Gordon's opportunity cost of one hour of leisure is

A) $10.
B) $24.
C) $240.
D) indeterminate from this information.

Question

Refer to Figure 6.11. Gordon's opportunity cost of one hour of leisure isA)  $10.B)  $24.C)  $240.D)  indeterminate from this information.

Melany Mendez · Accepted Answer

Final Answer : A, Explanation :  Gordon's opportunity cost of one hour of leisure is the amount of income he would forego by not working that hour. If he earns $10 per hour, then choosing one hour of leisure costs him $10 in forgone earnings.

Refer to Figure 6.11. Gordon's opportunity cost of one hour of leisure is

A) $10.
B) $24.
C) $240.
D) indeterminate from this information.

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