The night before a midterm exam,you decide to go to the movies instead of studying for the exam.You score 60 percent on your exam.If you had studied the night before,you'd have scored 70 percent.What was the opportunity cost of your evening at the movies?
A) 10 percent off your grade
B) 60 percent
C) 70 percent
D) Zero

Question

Quizplus · Accepted Answer

The opportunity cost of going to the movies was the 10% difference in the score between studying and not studying. Therefore, the answer is A) 10 percent off your grade.

The Night Before a Midterm Exam,you Decide to Go to the Movies