Asked by
Ryan Smith Manlupig
on Nov 06, 2024
Verified
You decide to go to LEGOLAND after you visit Disneyworld in Orlando. The cost of going to LEGOLAND after you visit Disneyworld is the ________ cost of getting from Disneyworld to LEGOLAND.
A) efficiency
B) marginal time and money
C) opportunity
D) profit maximizing
Marginal Time
The additional time required to produce one extra unit of output or complete an additional activity.
Legoland
A theme park chain inspired by the Lego brand, featuring rides, shows, and models made of millions of Lego bricks.
- Understand the principle of opportunity cost and its significance in making decisions.
Verified Answer
SA
Learning Objectives
- Understand the principle of opportunity cost and its significance in making decisions.