Asked by
Nabila Devanaarati
on Oct 14, 2024Verified
The opportunity cost of spending four hours at a movie theater watching a double feature the night before a final exam would be
A) the cost of the movie ticket.
B) the cost of the subway fare to get to the theater.
C) the price of the popcorn and candy bars you snuck into the theater.
D) a higher grade on the exam.
E) All of the choices are true.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen over others.
Double Feature
The showing of two films for the price of one in a movie theater, traditionally a practice in the mid-20th century.
- Fathom the idea of opportunity cost and its crucial influence on economic preferences.
Verified Answer
BC
Learning Objectives
- Fathom the idea of opportunity cost and its crucial influence on economic preferences.