Suppose you buy Economics by David King. What is the opportunity cost of your purchase? O a) The money you paid for the book. Ob) Whatever you would have spent the money on if you had not bought the book. Oc) The cost of producing the book. O d) The time you spend studying the book.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose you buy Economics by David King. What is the opportunity cost of your
purchase?
O a) The money you paid for the book.
Ob) Whatever you would have spent the money on if you had not bought the book.
Oc) The cost of producing the book.
O d) The time you spend studying the book.
Transcribed Image Text:Suppose you buy Economics by David King. What is the opportunity cost of your purchase? O a) The money you paid for the book. Ob) Whatever you would have spent the money on if you had not bought the book. Oc) The cost of producing the book. O d) The time you spend studying the book.
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