A test is scheduled for Monday morning.James goes to a party on Saturday night, but if he had NOT attended the party, he could have studied for the test or gone to a movie.Which of the following is the opportunity cost of going to the party?
A) only the time spent studying for the test
B) only the time spent going to the movie
C) both the time spent going to the movie and the time spent studying
D) either the time spent going to the movie or the time spent studying for the test
Correct Answer:
Verified
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