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- Subject
- Introduction To Economicseconomics-mcqs › introduction-to-economics
- Published
- 26 May 2019
- Last updated
- 28 May 2026
If you come across Rs 20 and decide to spend it on attending a football match, what represents the opportunity cost of going to the game?
Multiple choice question for Introduction To Economics. Select an option, then review the explanation below.
Explanation
The opportunity cost includes the Rs 20 you could have used elsewhere plus the value of the time you spend attending the game, making option B the correct choice.
More Introduction To Economics MCQs
Practice related questions from the same subject.
- 1.Which of the following factors directly influences the supply curve?
- 2.Under what condition is a market considered to be in equilibrium?
- 3.What type of relationship is depicted when a graph shows that as the values on the horizontal axis increase, the values on the vertical axis decrease?
- 4.Which two elements are essential to construct a straight-line graph?
- 5.How can a nominal value be converted into a real value?