Question

The opportunity cost of spending a night with friends is which of the following?

a. the movie I could have seen
b. the several hours of sleep I could have had
c. the better grade I could have earned with more study
d. All of the above
e. a,b, or c, but not all of them

Answer 1

C 100%

I just makes sense

Answer 2

The opportunity cost of spending a night with friends includes all potential alternatives given up by making that choice, encompassing movies, sleep, and study time.

Step-by-step explanation:

The opportunity cost of spending a night with friends includes anything else that you could have done with that time, which has value to you. In this scenario, the opportunity cost could be 'the movie I could have seen,' 'the several hours of sleep I could have had,' or 'the better grade I could have earned with more study.' Thus, the correct answer is All of the above, as opportunity cost encompasses all potential alternatives forgone by making a particular choice, and in the described situation, each option presents a valid alternative that was sacrificed.