Suppose There Are Only Three Alternatives to Attending a "Free

question 107

Multiple Choice

Suppose there are only three alternatives to attending a "free" social event: read a novel (you value this at $10) ,go to work (you could earn $20) ,or watch videos with some friends (you value this at $25) .The opportunity cost of attending the social event is

• A)$10.
• B)$20.
• C)$25.
• D)$45.
• E)$55.

---

Definitions:

Distinctive Mark

A unique symbol, logo, or brand used by a company to identify and distinguish its products or services from those of others.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product, used to distinguish it from others.

Inter Vivos Gift

A gift given by a living person to another which takes effect during their lifetime.

Intestate Distribution

The process of distributing a deceased person's assets according to state laws when they die without a valid will.