Sergei has multiple options for which job to work on Saturday. He only has time to work one job. He can choose to: rake up leaves to make $50, make deliveries for $70, or babysit for $65. If Sergei chooses the option that makes him the most money, what is the opportunity cost of the best decision?(1 point)

Question

Responses

$70
$70

$65
$65

$50
$50

$120

Answer 1

To find the opportunity cost of Sergei's best decision, we first need to identify which job he will choose.

Sergei has three options with the following earnings:

• Rake up leaves: $50
• Make deliveries: $70
• Babysit: $65

The best decision is to make deliveries, which earns him $70.

The opportunity cost is defined as the value of the next best alternative that he foregoes by making this decision. The next best alternative to making deliveries is babysitting, which earns him $65.

Therefore, the opportunity cost of choosing to make deliveries is $65.

So the correct response is:

$65