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Introduction to Economics
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Introduction to Economics
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0. Basic Principles of Economics / Introduction to Economics / Problem 3
Problem 3
If a student chooses to spend an hour studying instead of working a part-time job that pays \$10 per hour, what is the opportunity cost of studying?
A
There is no opportunity cost.
B
\$10
C
The knowledge gained from studying.
D
The cost of study materials.
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