Nancy has the choice to spend one hour studying for an exam, mowing the lawn for one hour at a wage of $6, or babysitting her niece for one hour at a wage of $8. If we know that Nancy has chosen to study for the exam, which of the following is true?
The opportunity cost is the value of the most attractive alternative; in this case, the babysitting wage.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: Nancy has the choice to spend one hour studying for an exam, mowing the lawn for one hour at a wage of $6, or babysitting her niece for one hour at a .... e following is true?, keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 4-4014.