Answer to Question #155084 in Microeconomics for Aayush Verma

Question #155084

You have one scarce hour to spend between studying for an examination or taking classes in a tutorial for Rs. 200 per hour. You choose to study for examination. What is the opportunity cost of studying?

Expert's answer

The opportunity cost is Rs. 200

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Average price of a CD reduces from $21 to $15. Company expected the quantity will increase 30%.a. ca
2. 1. Clarify the relationship between "production and cost", based on your knowledge.2. Expl
3. What is the relationship between the term cash cost and the cash flow concept?
4. Differentiate between monopoly, oligopoly, and perfect competition. For which situation are most gen
5. Qdx=100-10Px, Find the commodity of X demanded, if Px=7
6. Interpret the utility function: U(x1 , x2,...,xn )= β1x1 + β2x2 + ··· + βnxn ; Similarly, One
7. Name a complement, and a substitute, for each of the following products. Takeaway coffee Weekend Bre

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…