Which of the Following Statements About the Opportunity Cost of an Airplane

question 283

Multiple Choice

Which of the following statements about the opportunity cost of an airplane flight is the most accurate?

• A) It is identical for all passengers and equal to the number of hours a particular flight takes.
• B) It differs across passengers to the extent that both the airfare paid and the highest valued use of travel time vary.
• C) It is equal to the cost of a bus ticket, the next best form of alternative transportation to flying.
• D) It differs across passengers only to the extent that each traveller pays a different airfare.

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Definitions:

Quantifier

A symbol or word in logic that specifies the quantity of specimens in the domain of discourse that satisfy an open formula.

Negation

The contradiction or denial of something, or the operation of inverting the truth value in logic.

UI

An abbreviation often standing for "User Interface," which refers to the means by which a user interacts with a computer, website, or application.

Simp

In internet slang, a simp is someone who does too much for a person they like, but in mathematical contexts, simp could refer to a simplification of an expression or equation.