You Can Either Read a Book, Get Something to Eat

question 126

Multiple Choice

You can either read a book, get something to eat, or take a nap. The opportunity cost of getting something to eat is _____

• A) the cost of what you eat.
• B) the difference between the costs of the book and the food.
• C) the difference between the opportunity costs of reading and sleeping.
• D) the net benefit of sleeping.
• E) impossible to determine because the most preferred alternative is not known.

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Definitions:

Minimize

Minimize refers to reducing something to the smallest possible amount or degree.

Improve

To make or become better in quality, capability, or condition, often through deliberate effort or adaptation.

Recall

The mental process of retrieving information from the past, often used in the context of memory and cognitive psychology.

Constructive Nature

The concept that individuals construct understanding and knowledge of the world through experiences and reflections.