The opportunity cost of attending a movie is the purchase price of a ticket

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal amount of money to go to a movie. Her opportunity cost of going to the beach is:

A. the value she places on seeing the movie. B. the value she places on seeing the movie plus the $12 she spent on the umbrella, food and drinks. C. the $12 she spent on the umbrella, food and drinks. D. only $0 because she would have spent $12 to go to the movie.

Economics

Suppose that U.S. inflation is 3 percent and Turkish inflation is 70 percent. The effect of this discrepancy on the foreign exchange market is that

A) the Turkish currency will depreciate. B) the dollar will depreciate. C) it is impossible for interest rate parity to hold. D) the Turkish currency will appreciate.

Economics

Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, the corresponding total revenue function is:

A) 6Q. B) 90 - 6Q. C) 90 - 3Q. D) 90Q - 3Q2.

Economics

To signal to your insurance company that you are a low risk individual, to secure a lower premium, you should

a. Accept an insurance policy with a high deductible b. Accept an insurance policy with a low deductible c. Accept an insurance policy with a co-payment d. Both A&C

Economics