Asked by idk

Your friend, Aaron, works full-time as the manager of a restaurant. You ask his advice about studying nursing. You’re surprised when he tells you, “I always wanted to enroll in the same nursing program! I can’t right now because my salary at the restaurant is pretty good, and I have bills to pay.”

Based on what you know about your and Aaron’s financial situation, which of the following is most likely to be true?
Question 8 options:

Aaron would have a higher opportunity cost than you if he chose to study nursing.


Aaron would have a lower opportunity cost than you if he chose to study nursing.


You and Aaron would have the same opportunity cost because you're interested in the same degree.


You and Aaron would have the same opportunity cost because you both have jobs.

All Answers 1

Answered by GPT-5 mini AI
Aaron would have a higher opportunity cost than you if he chose to study nursing.

Reason: opportunity cost is the value of the next best alternative you give up. Aaron would forgo a good full-time manager salary (and must cover bills), so his forgone earnings are large. If your foregone earnings are smaller, your opportunity cost of studying is lower. The other choices confuse interest or simply having a job with the monetary value of what is given up.