Oliver decides to spend an hour playing basketball rather than studying. His opportunity cost of playing is:
a. the amount of time he decides to dedicate to basketball
b. the increase in his skill as a basketball player from playing for that hour.
c. the benefit to his grades from studying for an hour.
d. the injury he might get by playing.
c
Economics
You might also like to view...
In an oligopoly, there are
A) many firms and barriers to entry. B) many firms and no barriers to entry. C) few firms and barriers to entry. D) few firms and no barriers to entry. E) barriers to entry and only one firm.
Economics
Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant
A) decrease in oil prices. B) increase in labor productivity. C) increase in inflation. D) decrease in real GDP.
Economics