John Has Only One Hour to Study for an Exam

question 131

Multiple Choice

John has only one hour to study for an exam in history or to complete a written report in economics.The opportunity cost of spending the hour writing the economics report is

• A)a lower grade in the history exam.
• B)a higher grade in the history exam.
• C)a lower grade in both the history exam and the economics report.
• D)a higher grade in both the history exam and the economics report.
• E)none because history and economics are unrelated.

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Definitions:

Online Discount Broker

A platform that allows investors to buy and sell securities at lower commission rates than traditional brokers.

Share

A unit of ownership in a company or financial asset, granting the holder a portion of the corporation's assets and earnings.

Original Price

The initial cost of a good or service before any discounts, rebates, or price adjustments are applied.

Selling Price

The amount for which a product or service is sold to a customer.