Suppose you have an hour before your next class starts.You can either read a book, get something to eat, or take a nap.The opportunity cost of getting something to eat is
A) the cost of what you eat
B) the value of reading and sleeping
C) the loss of value from not reading or sleeping
D) the net benefit of sleeping for another hour
E) impossible to determine because the most preferred alternative is not known
Correct Answer:
Verified
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
Q16: A rational decision maker engages in an
Q17: Expenses for room and board
A)are opportunity costs
Q19: The opportunity cost of going to college
Q20: Opportunity cost is always measured in dollar
Q21: Comparative advantage is based on opportunity costs.
Q22: The opportunity cost of an activity is
Q23: A test was scheduled for Monday morning,
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