Question

You were planning to spend Friday working at your part-time job, but a friend asks you to go kayaking.

Which of the following are included in the true cost of going kayaking?

a. The cost of your endurance splash pants you purchased last year
b. The fee for accessing the river in a national park
c. The wages you forgo by going kayaking
d. The rental of any kayak equipment you need

Answer 1

Answer:

b. The fee for accessing the river in a national park

c. The wages you forgo by going kayaking

d. The rental of any kayak equipment you need

Explanation:

True cost includes all the cost incurred in kayaking and opportunity cost. All the costs incurred in kayaking includes :

The fee for accessing the river in a national park

The rental of any kayak equipment you need.

The opportunity cost of kayaking is: The wages you forgo by going kayaking.

I hope my answer helps you