Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 1 - Part I - Ten Principles of Economics - Quick Check Multiple Choice: 2

Answer

c.) the total cash expenditure needed to go to the movie plus the value of your time.

Work Step by Step

Opportunity cost is whatever must be given to obtain something, and includes both monetary and non-monetary costs.
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