Multiple Choice
Why would economists find it surprising if the CEO of a large company does his or her own housework?
A) The opportunity cost of a CEO's time is quite high because they have an abundance of time to spend on housework.
B) The opportunity cost of a CEO's time is quite low because they have a scarcity of time to spend on housework.
C) The opportunity cost of a CEO's time is quite low because they have an abundance of time to spend on housework.
D) The opportunity cost of a CEO's time is quite high because they have a scarcity of time to spend on housework.
E) The opportunity cost of a CEO's time is equal to that of everyone else that works at the same company.
Correct Answer:
Verified
Correct Answer:
Verified
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