Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes

Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house. When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost of this decision? O The pay the worker receives for painting 4 houses O Completing 4 delivery routes O The pay the worker would have received from completing a delivery route O The pay the worker would have received from completing 2 delivery routes The pay the worker would have received for completing 0.25 delivery routes

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter19: Externalities And Public Goods

Section: Chapter Questions

Problem 19.2P

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