ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ben has been invited to a sleep over at a mates house for this Saturday. Ben has tickets to see “Dune Rats", his favourite band at a concert that same night. He decides to give the tickets to his sister and go to his mates house. What is the opportunity cost of his decision?
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The value he places on seeing “Dune Rats”
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The value he places on spending time at a friends house
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There is no opportunity cost
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None of the above
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Explanation:
Detailed explanation-1: -Conditional Sentences are also known as Conditional Clauses or If Clauses. They are used to express that the action in the main clause (without if) can only take place if a certain condition (in the clause with if) is fulfilled.
Detailed explanation-2: -We use the first conditional when we talk about future situations we believe are real or possible. If it doesn’t rain tomorrow, we’ll go to the beach. Arsenal will be top of the league if they win. When I finish work, I’ll call you.
There is 1 question to complete.