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You have a choice between using your time to study for this exam and receive an A or you can go to a movie with your friends. You decide to study for the exam and receive an A. …

You have a choice between using your time to study for this exam and receive an A or you can go to a movie with your friends. You decide to study for the exam and receive an A. …
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3 votes
You have a choice between using your time to study for this exam and receive an A or you can go to a movie with your friends. You decide to study for the exam and receive an A. What is your opportunity cost?

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User Arun Tyagi
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1 Answer

7 votes
Your opportunity cost is seeing a movie with your friends. You gave up one for the other!

I hope this was helpful!
answered
User Malte Susen
by
8.0k points
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