ECONOMICS
OPPORTUNITY COST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Daniel has $50 left over this week and he wants to contribute to a charitable cause. With $5, Daniel can feed one homeless person one meal. With $10, he can provide shelter for one homeless person one night. What is the opportunity cost of Daniel using all his money to shelter homeless people?
|
|
Zero.
|
|
|
Depends on which option is most valuable to Daniel.
|
|
|
Depends on which option is most valuable to the homeless people in question.
|
|
|
10 homeless meals.
|
Explanation:
There is 1 question to complete.