QuestionAugust 6, 2025

Based on what you know about your and Aaron's financial situation , which of the following is most likely to be true? You and Aaron would have the same opportunity cost because you both have jobs. 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.

Based on what you know about your and Aaron's financial situation , which of the following is most likely to be true? You and Aaron would have the same opportunity cost because you both have jobs. 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.
Based on what you know about your and Aaron's
financial situation , which of the following is most likely
to be true?
You and Aaron would have the same opportunity cost because you both have
jobs.
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.

Solution
3.4(289 votes)

Answer

Aaron would have a higher opportunity cost than you if he chose to study nursing. Explanation 1. Define Opportunity Cost Opportunity cost is the value of the next best alternative foregone when making a decision. 2. Analyze Aaron's Situation If Aaron chooses to study nursing, his opportunity cost includes the income he could earn from his current job. 3. Compare Opportunity Costs If you and Aaron have different jobs or income levels, your opportunity costs will differ. If Aaron earns more, his opportunity cost is higher.

Explanation

1. Define Opportunity Cost<br /> Opportunity cost is the value of the next best alternative foregone when making a decision.<br /><br />2. Analyze Aaron's Situation<br /> If Aaron chooses to study nursing, his opportunity cost includes the income he could earn from his current job.<br /><br />3. Compare Opportunity Costs<br /> If you and Aaron have different jobs or income levels, your opportunity costs will differ. If Aaron earns more, his opportunity cost is higher.
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