A Test Is Scheduled for Monday Morning,and You Went to a Party

question 33

Multiple Choice

A test is scheduled for Monday morning,and you went to a party on Sunday night.If you hadn't attended the party,you could have studied for the test or gone to a movie.Which of the following is true regarding your opportunity cost?

• A)The opportunity cost of going to the movie is studying for the test.
• B)The opportunity cost of going to the party is watching the movie.
• C)The opportunity cost of going to the party is both watching the movie and the study time.
• D)Because you could go to the party only that night,but could go to a movie any time,the opportunity cost of the party is the study time.
• E)From the above information,it's not possible to determine the opportunity cost of attending the party.

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