Question

What could happen as a result of the effects of the opportunity cost on the left? Check all that apply.
A. missing out on spending time with friends
B. is more prepared for the test
C. has more time to get work done
D. gives up a chance to have fun
E. takes more time to finish homework

Answer 1

Answer: Option (A) and (D) are correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Both option (A) and (D) indicates that there is some opportunity cost associated with it.