From 8 to 11 p.m., Sam can either attend a basketball game, a hockey match or the symphony. Suppose that Sam decides to attend the hockey match and thinks to herself that if she did not go to the match she would go to the symphony. Then the opportunity cost of attending the hockey match is
A) going to the symphony.
B) going to the symphony and the basketball game.
C) three hours of time.
D) going to the basketball game.
Correct Answer:
Verified
Q104: The opportunity cost of attending college includes
Q105: Bill Bonecrusher graduates from college with a
Q106: Fred and Ann are both given free
Q107: Which of the following is NOT an
Q108: The night before a midterm exam, you
Q110: You decide to take a vacation and
Q111: Opportunity cost is defined as the
A) highest-valued
Q112: You have the choice of going on
Q113: Today, Julie attended her 12:30 Economics class.
Q114: The opportunity cost of any action is
A)
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