Question
Provide the opportunity cost for each of your alternative decisions for an evening. Each opportunity is listed below with its corresponding utility. Going to the
Provide the opportunity cost for each of your alternative decisions for an evening. Each opportunity is listed below with its corresponding utility.
Going to the movies - u(8)
Going out for pizza - u(7)
Doing an economics quiz - u(10)
Working overtime - u(9)
1.What is the opportunity cost of going out for pizza?
Choose...
Doing an economics quiz
Working overtime
Going out for pizza
Going to the movies
2.What is the opportunity cost of going to the movies
Choose...
Doing an economics quiz
Working overtime
Going out for pizza
Going to the movies
3.What is the opportunity cost of working overtime
Choose...
Doing an economics quiz
Working overtime
Going out for pizza
Going to the movies
4.What is the opportunity cost of doing an economics quiz.
Choose...
Doing an economics quiz
Working overtime
Going out for pizza
Going to the movies
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