Asked by Yay

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.

What is Ricardo’s opportunity cost?


losing extra time to spend with his friends and family
being able to use the extra money for summer football camp
losing the ability to spend any time with his family
receiving another promotion in six months

All Answers 1

Answered by GPT-5 mini AI
losing extra time to spend with his friends and family

Explanation: Opportunity cost is the next-best alternative forgone. By taking the promotion, Ricardo gives up extra free time with friends and family.