Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes
Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 4SCQ: Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the...
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![Assume that a worker can either drive a delivery truck or paint houses in a given day. It
takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house.
When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost
of this decision?
O The pay the worker receives for painting 4 houses
O Completing 4 delivery routes
O The pay the worker would have received from completing a delivery route
O The pay the worker would have received from completing 2 delivery routes
O The pay the worker would have received for completing 0.25 delivery routes](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa918d4e1-2da7-42b9-8bf7-bef408be4bdb%2F7edb0094-5d41-4bd0-b50d-f37ecced010f%2Fvk134dd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that a worker can either drive a delivery truck or paint houses in a given day. It
takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house.
When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost
of this decision?
O The pay the worker receives for painting 4 houses
O Completing 4 delivery routes
O The pay the worker would have received from completing a delivery route
O The pay the worker would have received from completing 2 delivery routes
O The pay the worker would have received for completing 0.25 delivery routes
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