A rational decision maker engages in an activity if that activity is more attractive than the best alternative.
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Q11: The Sultan of Brunei, one of the
Q12: The opportunity cost of college is the
Q13: Attending college can be viewed as a
Q14: The cost of attending college
A)is entirely monetary
Q15: Opportunity cost is the difference between the
Q17: Expenses for room and board
A)are opportunity costs
Q18: Suppose you have an hour before your
Q19: The opportunity cost of going to college
Q20: Opportunity cost is always measured in dollar
Q21: Comparative advantage is based on opportunity costs.
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