Multiple Choice
Suppose that you could either prepare your own tax return in 8 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$20.00an hour; the tax specialist will charge you $45 an hour. The opportunity cost of preparing your own tax return is
A) $250.
B) $45.
C) $90.
D) $160.
Correct Answer:
Verified
Correct Answer:
Verified
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