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What is your opportunity cost of spending 4 hours studying for the midterm? Apply the three-step method (see Example 5 in the Module 1 lecture
What is your opportunity cost of spending 4 hours studying for the midterm? Apply the three-step method (see Example 5 in the Module 1 lecture notes) to figure out your opportunity cost. Required format [1.5 points] Step 1: [1 point] Step 2: [1 point] Step 3: [1.5 points] My opportunity cost is _______
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