Question

Aiden is thinking of a career as a landscaper. He decides to take some classes offered by the local garden club so he can learn more about plants and flowers. What will be the opportunity cost associated
with taking the classes?
A) the number of hours Aiden wil spend in class
B)what Aiden gives up in order to attend class
C)the dollar value of the classes
D)the income Aiden will earn

Answer 1

Answer:

B)what Aiden gives up in order to attend class

Explanation:

Opportunity cost is the advantage given up by preferring one option over others. It is the forfeited benefits of deciding against a particular option. Opportunity cost is expressed as the cost of the next best alternative.

Aiden will forego some activities to attend classes. The missed benefits from the foregone activities are the opportunity cost of attending classes.