Multiple Choice
In the 2 hours between classes a student can do one of three things, ranking them from most to least desirable as: (1) chat with friends, (2) study economics, or (3) eat lunch. This student's opportunity cost of chatting with friends is:
A) the total value of studying economics and eating lunch.
B) the value of studying economics.
C) the value of chatting with friends.
D) There is no opportunity cost because students do not pay their friends to chat with them.
Correct Answer:
Verified
Correct Answer:
Verified
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