ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Max is studying for his commerce exam on a Wednesday night. However he is desperate to watch the latest episode of the bachelor. Max’s mates also want to catch up to play some PS4 that night which he is interested in as well. The opportunity cost of Max deciding to put his study first is ____
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The mark he could have got on the exam
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The value he places on watching the latest episode of the bachelor
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The combined value he places on watching the latest episode of the bachelor and playing PS4 with his mates.
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The time spent playing PS4
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Explanation:
There is 1 question to complete.