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

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Ricardo gives up time with friends and family to take the promotion.

Answer:

losing extra time to spend with his friends and family