Robert Spends an Hour Studying Instead of Going Hiking

question 12

Multiple Choice

Robert spends an hour studying instead of going hiking.What is the opportunity cost to him of studying

• A)the improvement in his grades from studying for the hour
• B)the difference between the improvement in his grades from studying minus the enjoyment of hiking
• C)the enjoyment and exercise he would have received had he gone hiking
• D)nothing, because Russell chose to study rather than to go hiking the value of studying must have been greater than the value of hiking

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Definitions:

Nolo Contendere

Latin for “I will not contest it.” A criminal defendant’s plea in which he or she chooses not to challenge, or contest, the charges brought by the government. Although the defendant will still be convicted and sentenced, the plea neither admits nor denies guilt.

Guilty

A legal term describing someone formally convicted of a crime by a court of law.

Arraignment

A court proceeding in which a criminal defendant is formally charged and asked to enter a plea.

Plead Guilty

The act of admitting to the court that one committed the offense with which they are charged.