Question

1. true or false the value of the opportunity cost of a particular choice is the same for all people.
2. true or false the opportunity cost you would incur for cleaning your room would probably be different on saturday evening than on tuesday afternoon.

Explanation:

Question 31

Opportunity cost depends on individual alternatives forgone. Different people have different next - best alternatives for a choice, so the opportunity cost of a choice varies among people. Thus, the statement is false.

On Saturday evening, you might have alternatives like going out with friends, watching a movie, etc. On Tuesday afternoon, the alternatives (like doing schoolwork, relaxing after school) are different. Since opportunity cost is the value of the next - best alternative forgone, and the alternatives differ between Saturday evening and Tuesday afternoon, the opportunity cost of cleaning the room would likely be different. So the statement is true.

Answer:

False

Question 32