What Is the Opportunity Cost of Taking a Semester Long

question 52

Multiple Choice

What is the opportunity cost of taking a semester long economics class?

• A)The cost of tuition and fees only
• B)The value of the time spent in the classroom.
• C)Zero because there is no admission charged if you are enrolled in the course.
• D)Equal to the highest value of an alternative use of the time and money spent on the class.

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Definitions:

Carbon Dioxide

A gas devoid of color and smell, produced from the burning of carbon-containing compounds and the act of breathing. Naturally found in the environment, it is essential for plant photosynthesis.

Atmosphere

The layer of gases surrounding the Earth that is held in place by gravity and is composed of nitrogen, oxygen, and trace gases.

Lower Layer

Refers to the bottom or underneath sections in a stratified structure, such as atmospheric layers, soil profiles, or bodies of water.

Atmosphere

The layer of gases surrounding a planet or other celestial body, held in place by gravity.