The opportunity cost of watching a movie is the:
A) dollar cost of a movie ticket plus enjoyment from watching a movie.
B) dollar cost of a movie ticket.
C) alternatives foregone such as studying and fishing.
D) the next best alternative option foregone.
Correct Answer:
Verified
Q14: The opportunity cost to a city for
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Q17: The production possibilities frontier shows that:
A) scarcity
Q18: Marginal analysis is the effect of:
A) scarcity.
B)
Q20: Marginal analysis:
A) compares some benefits of a
Q21: Which of the following is not true
Q22: A production possibility graph slopes down because
Q23: If an economy is producing at full
Q24: Along a production possibilities curve showing capital
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