Multiple Choice
Suppose Mike has three hours of time to spend and he sets the following activities in order of priority: (1) see a movie; (2) attend a ball game; (3) study economics.Assume that each activity takes three hours.What is Mike's opportunity cost of seeing the movie?
A) attending a ball game and studying economics
B) studying economics
C) attending a ball game
D) either attending a ball game or studying economics
Correct Answer:
Verified
Correct Answer:
Verified
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