The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 per cent on your exam. If you had studied the night before, you'd have scored 70 per cent. What was the opportunity cost of your evening at the movies?

Question

Quizplus · Accepted Answer

The opportunity cost is the difference between the score you could have achieved (70%) and the score you actually achieved (60%), which is 10%.

The Night Before a Midterm Exam, You Decide to Go