Question

What could happen as a result of the effects of the opportunity cost on the left? Check all that apply.

- Missing out on spending time with friends
- Being more prepared for the test
- Having more time to get work done
- Giving up a chance to have fun
- Taking more time to finish homework

Answer 1

Opportunity cost can result in missing out on time with friends, being more prepared for a test, and having more time for work.

Step-by-step explanation:

Opportunity cost refers to the most desirable alternative that is given up when making a decision. In this context, the effects of opportunity cost can have several outcomes:

1. Missing out on spending time with friends: If choosing to prioritize other activities or commitments, such as studying or doing work, one may have to sacrifice time spent with friends.
2. Being more prepared for the test: By allocating time to study and prepare for a test, one can become more knowledgeable and confident, increasing their chances of performing well.
3. Having more time to get work done: If someone chooses to prioritize completing their work or tasks, they may sacrifice other activities that could be seen as more enjoyable or fun.

Therefore, the potential results of the effects of opportunity cost on the left include missing out on spending time with friends, being more prepared for the test, and having more time to get work done.