Evaluate the scenario below. Use the decision-making process to determine the best decision for Mr. Brown Identify the opportunity cost for the decision made.
Scenario:
Mr. Brown makes $400 an hour as an attorney and is considering paying someone $1,000 to paint his house.
This job will take four days to complete.
1. What possible options should Mr. Brown consider?
2. Which is the best choice for Mr. Brown?
3. Explain why your decision is the best option?
4. What is the opportunity cost of your choice?