Multiple Choice
You like to sleep until 11:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A) nothing, since you can go back to bed later
B) sleep
C) obtaining the notes from the 8:00 am class
D) the money you spend on coffee to stay awake
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Opportunity cost exists because of<br>A) poverty.<br>B) scarcity.<br>C)
Q26: How does an economy represented by a
Q52: Division of labor means that<br>A) the labor
Q126: The idea of comparative advantage is related
Q158: You should specialize in the production of
Q232: Refer to the above figure. How do
Q302: A production possibilities curve with quantities of
Q356: Suppose an acre of land yields 100
Q384: The production possibilities curve represents<br>A) the total
Q394: The opportunity cost of a decision is