The Opportunity Cost of Taking an On-Line History Class Is

question 168

Multiple Choice

The opportunity cost of taking an on-line history class is

• A)the knowledge and enjoyment you receive from taking the class.
• B)the value of the time spent on line.
• C)equal to the highest value of an alternative use of the time and money spent on the class.
• D)zero because there is no classroom time involved if you are enrolled in the course.
• E)the cost of tuition and fees only.

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Definitions:

Total

The sum of values or items added together, representing the overall amount or quantity.

Months

Units of time, approximately 1/12th of a year, used in calendars to segment time.

Maturity Value

The total amount that will be paid to the investor at the end of a fixed-income investment's life.

Months

Units of time, each roughly equivalent to one twelfth of a year, used in planning and organizing.