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A builder who specialises in carpentry is thinking about the time that he could spend: Working as a carpenter for which he is paid $30/hr;
A builder who specialises in carpentry is thinking about the time that he could spend: Working as a carpenter for which he is paid $30/hr; Working as a painter for which he is paid $20/hr; Playing computer games which he values at $10/hr; Gardening at his own home which he values at $5/hr. All of these activities are mutually exclusive so he can only do one activity at a time. What is his opportunity cost of working as a carpenter?
Select one:
a. $65/hr.
b. $50/hr.
c. $30/hr.
d. $20/hr.
e. $10/hr.
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