
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 7
The night before an economics test, you decide to go to the movies instead of staying home and working your MyEconLab Study Plan. You get 50 percent on your test compared with the 70 percent that you normally score.
a. Did you face a tradeoff?
b. What was the opportunity cost of your evening at the movies
a. Did you face a tradeoff?
b. What was the opportunity cost of your evening at the movies
Explanation
a. A trade off is an 'exchange'. It is c...
Macroeconomics 11th Edition by Michael Parkin
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