Which of the Following Is Not an Example of the Opportunity

question 16

Multiple Choice

Which of the following is not an example of the opportunity cost of going to school?

• A)The money a student could have earned by working if he had not gone to college.
• B)The nap a student could have enjoyed if he had not attended class.
• C)The party a student could have enjoyed if he had not stayed in to study for his exam.
• D)The money a student spends on rent for his apartment while attending school.

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Definitions:

Microeconomic Analysis

The examination of the economic behavior of individuals, households, and firms, focusing on market mechanisms and the determination of prices and quantities in specific markets.

Marginal Utility

The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.

Expected Income

Expected income refers to the amount of money an individual or entity anticipates earning over a specific period, taking into account various factors like job stability, market conditions, and investments.

Safety Flaw

A defect or deficiency in a product or system that could pose a risk to health or safety.