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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Give an example to illustrate how a change in opportunity cost can affect behavior.

To determine

An example of how the changes in opportunity cost effect the behavior.

Explanation

The opportunity cost is the cost of alternative loss when another alternative is chosen. The opportunity cost affects people’s behavior. For example, a student is late for his history class...

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