Suppose your friends take you out for dinner on your birthday and you have a much better time than you would have had doing anything else. There is still an opportunity cost, even though they will not let you pay for anything

a. True
b. False

A

Economics

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Janae donates $50 to the local Humane Society. This means she can't buy that new pair of shoes, which according to her utility schedule, would have maximized her utility. This example illustrates the ________ aspect of behavioral economics

A) bounded self-interest B) bounded rationality C) bounded will-power D) empowerment effect

Economics

Equity and debt instruments with maturities greater than one year are called ________ market instruments

A) capital B) money C) federal D) benchmark

Economics