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:

Talbutal

A barbiturate derivative used as a sedative and hypnotic drug.

Paregoric

An opium tincture used historically to treat diarrhea by decreasing bowel movements and to alleviate pain with its sedative effects.

Schedule I

A category of controlled substances that have a high potential for abuse, no currently accepted medical use in the United States, and lack accepted safety for use under medical supervision.

Abuse Potential

The likelihood or risk that a substance, often a drug, can lead to dependency or addiction in users.