Rachel spends 2 hours studying instead of watching TV with his friends. The oppo
ID: 1148579 • Letter: R
Question
Rachel spends 2 hours studying instead of watching TV with his friends. The opportunity cost to her of studying is
zero. Since Rachel chose to study rather than to watch TV, the value of studying must have been greater to him than the value of watching TV.
the enjoyment he would have received if he had watched TV with his friends.
the improvement in his grades from studying minus the enjoyment of watching TV.
the improvement in his grades from studying for the hour.
a.zero. Since Rachel chose to study rather than to watch TV, the value of studying must have been greater to him than the value of watching TV.
b.the enjoyment he would have received if he had watched TV with his friends.
c.the improvement in his grades from studying minus the enjoyment of watching TV.
d.the improvement in his grades from studying for the hour.
Explanation / Answer
B
Opportunity cost is the second bedt alternative forgone. Things you have sacrificed.
Thus in order to study 2 hours he sacrificed two hours of watching TV with his friend and the enjoyment whoch he would had got. Thus ans is B
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