The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your exam. If you had studied the night before, you'd have scored 70 percent. What was the opportunity cost of your evening at the movies?
A) 70 percent
B) 60 percent.
C) 10 percent off your grade.
D) Zero.
Correct Answer:
Verified
Q102: You have the choice of going to
Q153: The "how" tradeoff occurs when
A) the government
Q154: Opportunity cost is defined as
A) all the
Q155: Opportunity cost is defined as the
A) lowest-
Q156: Opportunity cost is best defined as
A) how
Q157: The ultimate cost of any choice is
A)
Q159: Opportunity cost is best defined as
A) the
Q160: You have the choice of going on
Q161: Suppose you plan to take summer courses.
Q163: Joe likes to sleep late in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents