Gomer decides to spend an hour playing basketball rather than studying. His opportunity cost is:
a. nothing, because he enjoys playing basketball more than studying.
b. the increase in skill he obtains from playing basketball for that hour.
c. the benefit to his grades from studying for an hour.
d. nothing, because he had a free pass into the sports complex to play basketball.
c. the benefit to his grades from studying for an hour.
Economics
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Demand for pork (a normal good) will shift to the left if consumer income in China decreases.
a. true b. false
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