Question

A flow-chart is shown. From top to bottom, Emma decides to study, then Emma is not able to go bowling, then two lines are drawn to 2 boxes that contain question marks.

What could happen as a result of the effects of the opportunity cost on the left? Check all that apply.


missing out on spending time with friends

is more prepared for the test

has more time to get work done

gives up a chance to have fun

takes more time to finish homework

Answer 1

The effects of the opportunity costs for Emma's decision is that:

• Missing out on spending time with friends.
• Gives up a chance to have fun.

What is an opportunity cost?

• This refers to the next best alternative that a person could have taken instead of the decision they took.
• Shown as the benefits that one would have gotten for picking the next best alternative.

If Emma decides to study, the next best alternative would be to have gone bowling. As she didn't go bowling, the benefits she forewent are spending time with friends and having some fun.

Find out more on opportunity costs at https://brainly.com/question/24352652.