Karl chooses to walk to work instead of taking the metro.     A. The opportunity cost of walking to work is the time Karl could have spent on other activities or enjoying his leisure time.   B. The opportunity cost of​ Karl's decision is the time that he could have spent more productively at the workplace.

-1h-future-act-1 - Word Hernandez, Joshua Layout References Mailings Review View Help O Tell me what you want to do -A A Aa - E-E-E, EE A T AaBbCcD. AaBbCJ AaBbC 1. AaBbC AaBbCcD AABI AaBbC x A A = 三 , 田。 Body Text1 Bullet poi. Checkboxes Numbere. Student A. Heading 1 Heading 2 Paragraph Styles Review Jason's assets and debts. Then answer the questions. JASON'S ASSETS AND DEBTS Assets Debts House: $150,000 Mortgage: $110,000 Car: $10,000 Car loan: $6,000 Checking and savings accounts: $5,000 Stocks and bonds: $3,000 Student loans: $12,000 Credit card debt: $5,000 Possessions: $4,000 3. What is Jason's net worth? 4. What would Jason's net worth be if he received a bonus at work and used all of it to completely pay off his credit card debt? 5. What can happen if you pay your mortgage, car loan, student loan, or credit card bill late? 6. Describe a situation in which it would be wise to use a credit card to pay for something. Home D00 F11 F12 F9 F10

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each. a. Construct a table showing the alternative combinations of the two products that are available. b. Plot the data in your table as a budget line in a graph. What is the slope of the budget line? What is the opportunity cost of one more candy bar? Of one more bag of peanuts? Do these opportunity costs rise, fall, or remain constant as additional units are purchased? c. Does the budget line tell you which of the available combinations of candy bars and bags of peanuts to buy? d. Suppose that you had won $30 on your ticket, not $15. Show the $30 budget line in your diagram. Has the number of available combinations increased or decreased?

The opportunity cost to you of an action is A. how much you must pay for the opportunity to take the action.B. the value to you of the next best action you could have taken.C. the dollar cost to you of the action.D. the cost to society of giving you the opportunity to take the action.

Graham decided to play football this year instead of getting a part-time job. Last year he made about $1,100 during football season. He also spends about $9 on eating out after each game. His team plays a 10-game season. What is his opportunity cost of playing football?