Multiple Choice
Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at$11an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is
A) $275.
B) $55.
C) $110.
D) $165.
Correct Answer:
Verified
Correct Answer:
Verified
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