Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 2, Problem 5E
To determine
The correct answer from the given options that should not be considered as an
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A university student faces the decision of how to spend one hour tonight. She could babysit her neighbor’s child at an hourly wage of $12; she could work at the college library at a wage of $15, or she could study for her economic exam. If she chooses to study for her economic exam, she has incurred an opportunity cost equal to: $_______.
Identify three categories of opportunity costs that you will incur for getting a university degree.
During a war, a government will often draft people, most of who are presently employed, into the army. Which of the following would an economist count as a (opportunity) cost of the war that an accountant would not? Group of answer choices the costs of transporting the soldiers to the combat zone. the costs of feeding, housing, and training the new soldiers. the value of the civilian goods no longer being produced by the new soldiers. the costs of providing weapons to the new soldiers.
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