Multiple Choice
A university offers a free shuttle service around campus. What is the opportunity cost of the shuttle service equal to?
A) the wages paid to the shuttle drivers, plus the gasoline expenses
B) the wages paid to the shuttle drivers
C) the highest valued alternative use of the resources devoted to the shuttle program
D) zero, since it is free to students who want to ride
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The opportunity cost of a decision is
Q174: What is the term for the branch
Q175: Which of the following statements is most
Q176: Which of the following statements most likely
Q177: Which of the following statements about positive
Q178: The main concern of economics is to
Q180: If Canadian consumers bought more gasoline in
Q181: The expected marginal benefit to you from
Q183: How should we judge the validity of
Q184: Most students expect that if they spend