ricardo works part time at a local computer store. one day, his manager approaches him about moving from…

ricardo works part time at a local computer store. one day, his manager approaches him about moving from cashier to floor supervisor. ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends and family. in the end, he decides to take the promotion. what is ricardos opportunity cost? losing extra time to spend with his friends and family being able to use the extra money for summer football camp losing the ability to spend any time with his family receiving another promotion in six months

ricardo works part time at a local computer store. one day, his manager approaches him about moving from cashier to floor supervisor. ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends and family. in the end, he decides to take the promotion. what is ricardos opportunity cost? losing extra time to spend with his friends and family being able to use the extra money for summer football camp losing the ability to spend any time with his family receiving another promotion in six months

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. When Ricardo takes the promotion, the alternative he gives up is the extra time with friends and family due to the increased work hours.

Answer:

losing extra time to spend with his friends and family