Question
Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play a board
Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play a board game. They live about the same distance away, and there is no cost for either event. If she chooses to go to Abby's house what is the opportunity cost?
-The difference in value to Kendra of the two options.
-There is no opportunity cost because there is not cost associated with either option. Economics do not apply to this kind of decision.
-The net value to Kendra of going to Samuels house to play games.
-The net value to Kendra of going to Abby's house to watch a movie.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started