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.\nwhat is ricardos opportunity cost?\n\nlosing extra time to spend with his friends and family\nbeing able to use the extra money for summer football camp\nlosing the ability to spend any time with his family\nreceiving 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.\nwhat is ricardos opportunity cost?\n\nlosing extra time to spend with his friends and family\nbeing able to use the extra money for summer football camp\nlosing the ability to spend any time with his family\nreceiving another promotion in six months

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Ricardo takes the promotion but gives up time with friends and family. The lost time with them is the opportunity cost.

Answer:

losing extra time to spend with his friends and family