Ricardo works part time at a local computer store. one day, his manager approaches him about moving from cashier to floor supervisor. ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. in the end, he decides to take the promotion. what is ricardo’s opportunity cost?
a. losing extra time to spend with his friends.
b. being able to use the extra money for summer football camp.
c. losing the ability to spend any time with his friends.
d. receiving another promotion in six months.

a) losing extra time to spend with his friends.

Explanation:  The case mentioned about promotion of Ricardo depicts about the opportunity cost .He chose the promotion of him from cashier to supervisor over the time he spends with his friend because he will have have to work for extra hours in that position.

Other options are not appropriate because use of money for football camp and promotion in coming month are invalid reasons. He has not lost the ability to spend time with them as he can spend time with them on holiday and non-working days .Thus, the correct option is option(a).

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