A student has a chance to see Katy Perry in concert. The student also has a major economics exam in the morning. If the student goes to the concert,
a. she will get a lower grade on the economics exam.
b. the opportunity cost of the concert is time spent studying.
c. this decision implies a trade-off.
d. All of the above are correct.
d
Economics
You might also like to view...
Which of the following is least accurate in characterizing changes in retailing in the second half of the 19th century?
a. Large growth in the number of department stores b. Large growth in the number of chain stores c. Large growth in the number of "general stores" d. Large growth in the number of mail-order houses
Economics
If M = quantity of money, V = velocity of money, P = price level, and Q = the quantity of output, then the equation of exchange will be defined as:
a. MV = PQ b. MQ = PV c. MP = VQ d. MV = P/Q e. MQ = V/P
Economics