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Stolb23
25 days ago
7

In the spring, james likes to spend afternoons at the park. what is his opportunity cost of him doing this? no opportunity cost

since he is doing an activity he enjoys the opportunity cost is the value of the next best alternative of his time - how he would spend his afternoons if he wasn't at the park the opportunity cost is the value of the sum of all other things he could do instead of going to the park
Business
2 answers:
Mariulka [3.1K]25 days ago
4 0
<span>During spring, James enjoys spending his afternoons at the park. What does this imply about his opportunity cost? The opportunity cost for James while at the park consists of alternative activities he's forgoing in order to be there. When considering opportunity cost, it reflects the trade-off of selecting one option over another. </span>
Mariulka [3.1K]25 days ago
3 0

Answer:

The right choice is A, No opportunity cost since he is engaging in an enjoyable activity.

Explanation:

In the spring, James habitually spends his afternoons at the park. This routine allows him to unwind and enjoy himself during leisure hours. Therefore, he is not sacrificing anything significant to experience this relaxation time. Since he is utilizing his free time, his activity incurs no opportunity cost. In fact, he is taking pleasure in this time and achieving a sense of calm.

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