what is ricardos opportunity cost? ricardo works part - time at a local computer store. one day, his manager…

what is ricardos opportunity cost? ricardo works part - time at a local computer store. one day, his manager approaches him about moving from cashier to floor supervisor. ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends and family. in the end, he decides to take the promotion. receiving another promotion in six months losing the ability to spend any time with his family being able to use the extra money for summer football camp losing extra time to spend with his friends and family

what is ricardos opportunity cost? ricardo works part - time at a local computer store. one day, his manager approaches him about moving from cashier to floor supervisor. ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends and family. in the end, he decides to take the promotion. receiving another promotion in six months losing the ability to spend any time with his family being able to use the extra money for summer football camp losing extra time to spend with his friends and family

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Ricardo chooses the promotion, giving up time with friends and family. The other options are not the direct alternative he is giving up.

Answer:

losing extra time to spend with his friends and family