Marks: 5
If you had a choice of going to the movies, going to the beach, or going to the mall, the opportunity cost of going to the movies would be:
I. Going to the beach.
II. Going to the mall.
III. Going to the mall if that is what you liked best.
IV. Going to the beach and going to the mall.
V. Going to the one which took the least time to get to.
a. I only.
b. II only.
c. III only.
d. V only.
e. I, II, and IV only.
If you had a choice of going to the movies, going to the beach, or going to the mall, the opportunity cost of going to the movies would be:
I. Going to the beach.
II. Going to the mall.
III. Going to the mall if that is what you liked best.
IV. Going to the beach and going to the mall.
V. Going to the one which took the least time to get to.
a. I only.
b. II only.
c. III only.
d. V only.
e. I, II, and IV only.