Multiple Choice Questions on Suppose a student has 2 hours in which he can only watch a movie or study What is the opportuni........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Suppose a student has 2 hours in which he can only watch a movie or study What is the opportuni...........

Economics (CUET) Theory of Production and Cost
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    Suppose a student has 2 hours in which he can only watch a movie or study. What is the opportunity cost of studying?

     

    Opportunity cost of studying is not watching a movie.
     

    Incorrect Answer

    Opportunity cost of studying is watching a movie.

     

    Correct Answer

    Opportunity cost of studying is partying with friends.
     

    Incorrect Answer

    There is no opportunity cost of studying.
     

    Incorrect Answer
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    Explanation:

    Option (2) is correct.
    Explanation: The opportunity cost of an activity is what you have given up to do in the time when you have done some other activity. Therefore, while chose to study you had
    given up the idea of watching a movie.

    By: Parvesh Mehta
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