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School_Island_sad_face

  • one year ago

(Question):You can either go to a movie or go bowling. If you choose the movie, (a)you will spend far more on the movie then you would on bowling (b)you will have made the choice that has the most benefit (c)your opportunity cost is the amount of money you pay for the movie (d)your opportunity cost is the time and experience of bowling

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  1. Rag433
    • one year ago
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    Okay so your asking about an Econ question... fun. What are you asking though? lol... I need clarification before being able to help.

  2. School_Island_sad_face
    • one year ago
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    Well the first line is the question and the ones under that are the possible answers. I am confused, be that are the possible answers. I am confused, because my teacher told me the one I had before was incorrect, so I am trying to figure out why and what is correct

  3. Rag433
    • one year ago
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    Ah, okay. so the question and answers are as follows? Question: You can either go to a movie or go bowling. Answers: (a) If you choose the movie, you will spend far more on the movie then you would on bowling (b)you will have made the choice that has the most benefit (c)your opportunity cost is the amount of money you pay for the movie (d)your opportunity cost is the time and experience of bowling

  4. School_Island_sad_face
    • one year ago
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    Indeed.

  5. Rag433
    • one year ago
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    Okay, that makes a lot more sense... lol Well, do you know what opportunity cost is?

  6. School_Island_sad_face
    • one year ago
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    the cost of any activity measured in terms of the value of the next best alternative forgone

  7. Rag433
    • one year ago
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    Exactly, and what did you put as your answer the first time?

  8. School_Island_sad_face
    • one year ago
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    I put you will have made the choice that has the most benefit, but I think it is your opportunity cost is the time and experience of bowling. I'm most likely just totally over analyzing this and confusing myself.

  9. Rag433
    • one year ago
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    Yeah, I'm trying to figure this one out myself... and I took AP Macro Econ. I'm gonna assume it has something to do with the opportunity cost answers. I'm going to assume it's D since that sounds most like an opportunity cost answer if I've ever heard one.

  10. School_Island_sad_face
    • one year ago
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    Thank you! :)

  11. Rag433
    • one year ago
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    Anytime!

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