

MCQOPTIONS
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1. |
Suppose you find Rs 20. If you choose to use the Rs 20 to go to a football match your opportunity cost of going to the game is ? |
A. | nothing because you found the money. |
B. | Rs20 (because you found the money Rs 20 to buy other things) plus the value of your time spent at the game. |
C. | Rs 20 (because you could have used the Rs 20 to buy other things) plus the value of your time spent at the game plus the cost of the dinner you purcha |
D. | Rs20 (because you could have used the Rs20 to buy other ghings) |
E. | None of these |
Answer» C. Rs 20 (because you could have used the Rs 20 to buy other things) plus the value of your time spent at the game plus the cost of the dinner you purcha | |