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A CIA student, Fintan, decides to go to Tavern 23 (a local bar) with a group of friends from his microeconomics class. The whole group
A CIA student, Fintan, decides to go to Tavern 23 (a local bar) with a group of friends from his microeconomics class. The whole group has an important micro exam the next day. The group shoots pool, all drinking sparkling water except for Fintan, who decides to drink several shots of bourbon. After two hours of playing pool the group leaves to go to the LLC for a two-hour microeconomics review. Fintan is too inebriated to attend the session and goes home. All the students that attend the review earn A's on the exam, Fintan doesn't sit the exam (he's too hung-over) and earns an F grade. The opportunity cost of Fintan's bourbon drinking is most likely: Question 4Select one: A. There is no opportunity cost because there's no dollar cost involved. B. An A grade on the exam. C. The value of the fun he had drinking bourbon. D. An awful headache, an upset stomach, and a feeling of foolishness
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