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If a Student Were Not Studying Economics, He Could Be

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If a student were not studying economics, he could be doing one of the following: sleeping in (which he values at $5) , playing cards with his friends (which he values at $10) , or working (he would have earned an extra $8) . The opportunity cost of studying economics is therefore


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Soda Pop

A sweetened, carbonated beverage, often flavored and containing caffeine, colours, and preservatives.

Mixture

A combination of two or more substances that are not chemically bonded and can be separated by physical means.

States of Matter

The distinct forms that different phases of matter take on, including traditionally solid, liquid, and gas, as well as plasma and Bose-Einstein condensates under specific conditions.

Physical Material

Substances or components that have mass and occupy space; can be observed and measured physically.

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