After graduating high school, Nicole chose to go to college, while Pedro chose to work full time. Which of the following best describes the opportunity cost of these decisions? O Pedro's opportunity cost is the tuition he would have paid for college O Pedro's opportunity cost is greater than Nicole's O Nicole's opportunity cost is the salary she would have earned from working O Pedro's opportunity cost is the salary he earns from working O Nicole's opportunity cost is her living expenses while at college

After graduating high school, Nicole chose to go to college, while Pedro chose to work full time. Which of the following best describes the opportunity cost of these decisions? O Pedro's opportunity cost is the tuition he would have paid for college O Pedro's opportunity cost is greater than Nicole's O Nicole's opportunity cost is the salary she would have earned from working O Pedro's opportunity cost is the salary he earns from working O Nicole's opportunity cost is her living expenses while at college

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 4E

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