Multiple Choice
If a student were not studying economics, he could be doing one of the following: sleeping in (which he values at $5) , playing cards with his friends (which he values at $10) , or working (he would have earned an extra $8) . The opportunity cost of studying economics is therefore
A) $5.
B) $8.
C) $10.
D) $23.
Correct Answer:
Verified
Correct Answer:
Verified
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