Practice mode Introduction To Economics

You find Rs 20 and decide to spend it on going to a football match. What is your opportunity cost of attending the game?

Correct answer A. Rs 20 (because you could have used the Rs 20 to buy other things) plus the value of your time spent at the game

Explanation

Found money still has alternative uses, so spending it is a real sacrifice, and the time at the match could have been used elsewhere. Dinner is excluded because you would eat anyway.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.