Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your opportunity cost of taking this course is multiple choice 2 the cost that you are paying to take advantage of this opportunity such as

Your opportunity cost of taking this course is
multiple choice 2
the cost that you are paying to take advantage of this opportunity such as the portion of your tuition that pays for this, the time spent studying, and the time spent in lecture.
the cost of attending a course you could not take because you are taking this one.
the opportunity that you gain from taking this class such as the knowledge, the skills, the pleasure of your professor's company, and the opportunity to compete with your fellow students.
the benefit of the next-best alternative; that benefit becomes a cost because you forgo one activity by taking this course.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Lectures On Urban Economics

Authors: Jan K Brueckner

1st Edition

0262300311, 9780262300315

More Books

Students also viewed these Economics questions

Question

2. What is the business value of security and control?

Answered: 1 week ago