A College Student Is Faced with a Difficult Decision of How

question 53

Multiple Choice

A college student is faced with a difficult decision of how to spend one hour tonight.She could babysit her professor's child at an hourly wage of $7;she could work at the college library at a wage of $6;or she could finish her economics homework assignment.If she chooses to complete her homework assignment,she has incurred an opportunity cost equal to:

• A)$7.
• B)$6.
• C)$13.
• D)$0.

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Definitions:

Research Findings

Conclusions derived from systematically conducted experiments or investigations, contributing to a field's body of knowledge.

Nicotine Addiction

A physical and psychological dependence on nicotine, a stimulant found in tobacco, leading to compulsive use despite harmful consequences.

Alcohol

An organic compound used in beverages and medications, acting as a central nervous system depressant, widely consumed worldwide.

Cocaine

A powerful stimulant drug derived from coca leaves, used recreationally for its euphoric effects and clinically for specific medical purposes.