Briefly explain your answer. Opportunity Costs 1. If you were not attending college, you could be earning P 90,000 per year. What would be the opportunity cost?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Briefly explain your answer. Opportunity Costs
1. If you were not attending college, you could be earning P 90,000 per year. What would be
the opportunity cost?
2. Let us have three people, Juan, Juancho, and Julio who lived in a remote place and there
are only 3 jobs to do: harvesting corn, harvesting palay and fishing. Assume that corn and
palay are of equal value and fish is of lower value. Let us know who has better skills.
palay
fish
corn
Juan
22
19
15
Juancho
25
17
20
Julio
20
15
18
Transcribed Image Text:Briefly explain your answer. Opportunity Costs 1. If you were not attending college, you could be earning P 90,000 per year. What would be the opportunity cost? 2. Let us have three people, Juan, Juancho, and Julio who lived in a remote place and there are only 3 jobs to do: harvesting corn, harvesting palay and fishing. Assume that corn and palay are of equal value and fish is of lower value. Let us know who has better skills. palay fish corn Juan 22 19 15 Juancho 25 17 20 Julio 20 15 18
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