Solved

The Opportunity Cost of Going to an Outdoor Music Festival

Question 63

Multiple Choice
The opportunity cost of going to an outdoor music festival is:

The opportunity cost of going to an outdoor music festival is:


A) the enjoyment you receive from going to the festival.
B) the value of the time spent at the festival.
C) equal to the highest value of an alternative use of the time and money spent on the festival.
D) zero because there is no overhead costs for an outdoor festival.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q58: The Great Depression of the 1930s (during

Q59: Figure 2.3
Figure 2.3 </p></div><svg width=

Q60: Figure 2.6
Figure 2.6 </p></div><svg width=

Q61: An increase in the unemployment rate may

Q62: Table 2.3
Production Choices for Dina's Cafe

Q64: If a country is producing efficiently and

Q65: Table 2.3
Production Choices for Dina's Cafe

Q66: Table 2.3
Production Choices for Dina's Cafe

Q67: Any output combination outside a production possibility

Q68: Figure 2.6
Figure 2.6 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents