Multiple Choice
Which of the following is an example of opportunity cost?
A) The income that could have been earned by working full-time instead of going to college.
B) The decline in the grades of a student athlete that occurs because she decides to spend more time practicing sports than on her academic work.
C) The value of other things you could have done with the same time and money it cost you to go to the movies.
D) The value of the next-best bundle of goods and services that could have been produced instead of using those resources to put astronauts on the moon.
E) All of the choices are examples of opportunity cost.
Correct Answer:

Verified
Correct Answer:
Verified
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