Ask Question
19 December, 21:49

10) You are faced with the following alternative choices on a Friday night: Choice A: Go to a concert, which costs $30. Choice B: Go to a party at a friend's house. Choice C: Go to the library and study economics. It turns out that Choice A is your most preferred activity, Choice B is your second most preferred activity, and Choice C is your least preferred activity, so naturally, you go to the concert. What is the oportunity cost of going to the concert? A) $30 B) $30 plus missing your friend's party. C) $30 plus missing your friend's party plus not studying economics at the library. D) Missing your friend's party plus not studying economics at the library.

+1
Answers (1)
  1. 19 December, 22:11
    0
    D) Missing your friend's party plus not studying economics at the library.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “10) You are faced with the following alternative choices on a Friday night: Choice A: Go to a concert, which costs $30. Choice B: Go to a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers