Multiple Choice
Which of the following activities describes the opportunity cost of watching a play in a theater?
A) the value of the time it takes to get to the play by car
B) the cost of the ticket to the play
C) the value of the highest valued alternative that must be forgone because of the time and money required to watch the play
D) the cost of gasoline used in driving to the play
Correct Answer:
Verified
Correct Answer:
Verified
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