Respuesta :
Mina decides to spend three hours working overtime rather than driving to the park with her friends. she earns $20 per hour for overtime work. her opportunity cost of working exists The enjoyment she would have received had she gone to the park.
What is opportunity cost?
The value or benefit forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
The idea behind opportunity cost is that you always have a finite amount of resources as a business owner. In other words, you can't take advantage of every chance because you have a limited amount of time, money, and experience. You must necessarily give up on the others if you choose one.
Opportunity costs are not just financial or monetary costs. An opportunity cost is also the actual cost of lost productivity, lost time, or any other for-profit gain. Opportunity cost, a crucial idea in economics, is the basic connection between scarcity and choice.
Hence, Mina decides to spend three hours working overtime rather than driving to the park with her friends. she earns $20 per hour for overtime work. her opportunity cost of working exists The enjoyment she would have received had she gone to the park.
So, Option C is correct.
The complete question is,
Mina decides to spend three hours working overtime rather than going to the park with her friends. She earns $20 per hour or overtime work. Her opportunity cost of working is...
a. The $60 she earns working
b. The $60 minus the enjoyment she would have received from going to the park
c. The enjoyment she would have received had she gone to the park
d. Nothing, since she would have received less than $60 worth of enjoyment from going to the park
To learn more about opportunity cost refer to:
https://brainly.com/question/481029
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