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  • Opportunity Cost Definition

Explaining Opportunity Cost

A student has two hours of free time and is considering three mutually exclusive activities: 1) watching a movie, which they value at 15;2)goingforarun,whichtheyvalueat15; 2) going for a run, which they value at 10; or 3) reading a book, which they value at $5. If the student chooses to watch the movie, what is their opportunity cost? Explain your reasoning based on the definition of opportunity cost.

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9 days ago

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Social Science

Empirical Science

Science

Economics

Economy

Introduction to Microeconomics Course

CORE Econ

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