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You have the opportunity to work some extra hours at your job, but also need to study for a math exam. What are you gaining and giving up with each choice? What is the opportunity cost of each choice?




True or False: Trade offs only involve things that are measureable, such as money, property, or time.

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Answer:

The more you work the less you will do good on the math test or the more you study, the probability of you losing hours and money increases. The opportunity cost of working less is a greater chance of passing the math exam. Secondly, the opportunity cost with you working extra hours is a negative effect, it will have on your math grade.

Trade-offs only involve things that are measurable, such as money property, or time. FALSE.

Explanation:

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