You have an hour between your economics and math classes. What is the opportunity cost of that time if you use it to complete your math homework instead of your economics homework?
A. the economics homework you could have completed
B. the math homework you chose to complete
C. the cost of your calculator and math textbook
D. zero, because it doesn't cost any money to do your math homework
Answer: A
Economics
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The ratio of the price of good X on the horizontal axis to the price of good Y on the vertical axis is the ____ of the budget line
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