MANIFEST DESTINY 1806 1855
THE OREGON TRAIL WESTWARD MIGRATION TO THE PACIFIC OCEAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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seeing her favorite band
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spending time at a friends house
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Either A or B
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None of the above
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Detailed explanation-1: -A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
Detailed explanation-2: -The opportunity cost will be the time foregone spent at home instead of time for reaching the concert and then attending the concert and the time to reach home afterward.
Detailed explanation-3: -Opportunity cost can also be a choice about what you do during the day. A good example of this is: My friends and I have the day off from school because our teachers have a professional day. We can do whatever we want.
Detailed explanation-4: -The correct answer is d) The money a student spends on rent for his apartment while attending school. The other options are alternatives to going to school. However, regardless of whether the student goes to school or not, they still have to pay rent on the place they live in. Therefore, that’s not an opportunity cost.