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Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce. An economist would calculate Ziva's total cost of farming to equal O A. $300 B. $250 O C. $130 C.$130 D. $380

Respuesta :

Answer:

$380

Explanation:

Total cost = Explicit cost + implicit cost

Explicit cost is the actual cost involved in carrying out an activity.

Implicit cost is the opportunity cost. Opportunity cost is the cost of the option forgone when one alternative is chosen over another alternative.

Ziva's explicit cost =$130

Ziva's implicit cost = $25 × 10 = $250

Total cost = $380

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