Multiple Choice
Katherine has a physics exam tomorrow. However, a free lecture by one of her favorite authors is taking place this evening. Katherine decides to attend the lecture instead of studying for her exam. Katherine's opportunity cost is:
A) the time spent listening to the lecture.
B) not relevant, since no money is involved.
C) the cost of getting to the lecture itself plus the reduction in her physics exam grade as a result of not studying tonight.
D) the time spent getting to the lecture.
Correct Answer:
Verified
Correct Answer:
Verified
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