A test is scheduled for Monday morning,and you went to a party on Sunday night.If you hadn't attended the party,you could have studied for the test or gone to a movie.Which of the following is true regarding your opportunity cost?
A)The opportunity cost of going to the movie is studying for the test.
B)The opportunity cost of going to the party is watching the movie.
C)The opportunity cost of going to the party is both watching the movie and the study time.
D)Because you could go to the party only that night,but could go to a movie any time,the opportunity cost of the party is the study time.
E)From the above information,it's not possible to determine the opportunity cost of attending the party.

Question

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The Answer of A test is scheduled for Monday morning,and you went to a party on Sunday night.If you hadn't attended the party,you could have studied for the test or gone to a movie.Which of the following is true regarding your opportunity cost?
A)The opportunity cost of going to the movie is studying for the test.
B)The opportunity cost of going to the party is watching the movie.
C)The opportunity cost of going to the party is both watching the movie and the study time.
D)Because you could go to the party only that night,but could go to a movie any time,the opportunity cost of the party is the study time.
E)From the above information,it's not possible to determine the opportunity cost of attending the party.

A Test Is Scheduled for Monday Morning,and You Went to a Party