Question

Question 30 1 pts Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. During the winter months, what is Sam's opportunity cost of taking an hour off work to go skiing? O $13 O $11-$13 O <$11 O >$13

Answer 1

Q30) The answer is (a)

The opportunity cost of taking an hour off in winters is the wage that could have been earned in that hour. Since the wage rate in winters is 13, it is the opportunity cost. All other options are wrong as they do not reflect the opportunity cost of an hour correctly.

Q31) The answer is (a)

Since Danielle is a more experienced employee, he must have picked up certain skills on the job which increase his productivity and thus, his human capital as compared to Tiffany who is a new employee. All other options are incorrect as Tiffany does not have more human capital and there is no discrimination in wages here, as more is being paid to a more productive employee.

Q32) The answer is (d)

In a firm there are several groups that are required due to diversity and not alll of them are the most productive always as there is a social purpose to be fulfilled. A business owner who just cares about money is likely to dicriminate against such groups.