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28 October, 23:59

Kevin is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Each hour he spends swimming is an hour that he can't spend biking or running. Which basic concept of individual choice does this sentence best illustrate?

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  1. 29 October, 00:04
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    All choices have opportunity costs.

    Explanation:

    So when Kevin decides for going to swimming. He cannot do biking or running for that period of time. So for the hour he was swimming he could have spent running or biking. So the opportunity cost for an hour of swimming is an hour of running or biking.

    Hence the answer to this question is all choices have opportunity cost.
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