Suppose you spent all day yesterday studying for your econom…
Suppose you spent all day yesterday studying for your economics exam. Instead, you could have done one of these things, in this order of importance to you:1. Mowed your neighbors’ lawns, earning $100.2. Gone to the beach, which you value at $50.3. Stayed home, slept late and then watched TV, valued at $25. What was the opportunity cost of spending the day studying?
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