5) 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
Answer is:
Rs.20 (because you could have used the Rs.20 to buy other things) plus the value of your time spent at the game
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
fewer students will take degree courses in education and more will take accounting courses
Answer is:
the money you spent on food
Answer is: