Multiple Choice
Suppose Mike has three hours of time to spend so he ranks the following activities in order of priority: (1) see a movie, (2) attend a ball game, (3) study economics. Assume that each activity takes three hours. What is Mike's opportunity cost of seeing a movie?
A) attending a ball game and studying economics
B) studying economics
C) attending a ball game
D) either attending a ball game or studying economics
Correct Answer:
Verified
Correct Answer:
Verified
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