11 When a student chooses to take an exam instead of skipping it for a hunting trip,what is the student's opportunity cost of taking the exam?a) the hunting trip the student will missb) the student's increased chance of graduating in four yearsC) the difference between a perfect score and the student's actual performanced) one class session's worth of the student's tuition moneye) a better grade in a class the student almost took instead

Student has options either take an exam or go for hunting trip. Student decides to take exam…

When a student chooses to take an exam instead of skipping it for a hunting trip, what is the student's opportunity cost of taking the exam? a) the hunting trip the student will miss b) the student's increased chance of graduating in four years

When a student chooses to take an exam instead of skipping it for a hunting trip, what is the student's opportunity cost of taking the exam? a) the hunting trip the student will miss b) the student's increased chance of graduating in four years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

When a student chooses to take an exam instead of skipping it for a hunting trip,
what is the student's opportunity cost of taking the exam?
a) the hunting trip the student will miss
b) the student's increased chance of graduating in four years
C) the difference between a perfect score and the student's actual performance
d) one class session's worth of the student's tuition money
e) a better grade in a class the student almost took instead

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