The opportunity cost of spending four hours studying a review book the night before a final exam would be__
a. the cost of the review book
b. missing four hours of TV
c. a higher grade on the exam
d. the knowledge gained from studying
Answer: B
The opportunity cost of spending four hours studying a review book the night before a final exam would be__
a. the cost of the review book
b. missing four hours of TV
c. a higher grade on the exam
d. the knowledge gained from studying