John has only one hour to study for an exam in history or to complete a written report in economics.The opportunity cost of spending the hour writing the economics report is
A) a lower grade in the history exam.
B) a higher grade in the history exam.
C) a lower grade in both the history exam and the economics report.
D) a higher grade in both the history exam and the economics report.
E) none because history and economics are unrelated.
Correct Answer:
Verified
Q26: Gains from trade occur when there are
Q27: The opportunity cost for a student to
Q29: John's budget is such that he can
Q30: Exhibit 1-2 Q31: The opportunity cost of attending college Q32: An example of opportunity cost Q33: Gains from voluntary trade arise because Q36: Trade takes place when one party gains Q37: Of the following individuals,who bears the highest Q39: Choices are made based on
A)is zero
A)is sweets given
A)it reallocates
A)scarcity.
B)opportunity costs.
C)producers.
D)consumers.
E)supply.
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