Suppose You Find R450

question 48

Multiple Choice

Suppose you find R450.If you choose to use the R450 to go to a rugby match, your opportunity cost of going to the game is

• A)nothing, because you found the money.
• B)R450 (because you could have used the R450 to buy other things) plus the value of your time spent at the game.
• C)R450 (because you could have used the R450 to buy other things) plus the value of your time spent at the game, plus the cost of the dinner you purchased at the game.
• D)R450 (because you could have used the R450 to buy other things).
• E)none of these answers.

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Definitions:

Cultural Differences

Cultural differences refer to the diversity of customs, beliefs, arts, life ways, and social practices among people from different backgrounds.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a standardized classification of mental disorders used by mental health professionals in the U.S.

Psychiatric Manuals

Compilations or books which provide guidelines for diagnosing and treating mental disorders.

Diagnostic System

A framework or methodology used in healthcare and psychology to identify, classify, and understand diseases, disorders, or conditions.