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srsbiz srsbiz
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7 months ago

"If you hadn't gone to dinner with your friends, you would have stayed home and watched television." It follows that



watching television is the opportunity cost of having dinner with your friends.



the price of having dinner with your friends is more than the price you would have had to pay to watch television.



the opportunity cost of having dinner with your friends is lower than the opportunity cost of watching television.



it is less costly to watch television than to have dinner with your friends.

Textbook 
Economics

Economics


Edition: 12th
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finley07finley07
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7 months ago
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srsbiz Author
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7 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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this is exactly what I needed
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Thanks
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