2.1 - Opportunity Cost
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Practice Questions
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What is opportunity cost?
💡 Hint: Think about the choice you made and what you might have given up.
Give an example of opportunity cost related to study time.
💡 Hint: What do you miss out on?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does opportunity cost refer to?
💡 Hint: It's about what you give up for the choice you make.
True or False: Opportunity cost only applies to monetary decisions.
💡 Hint: Think of personal choices beyond money.
1 more question available
Challenge Problems
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A student has a choice to pursue a summer internship or travel abroad. Calculate the opportunity cost considering their potential earnings and experiences.
💡 Hint: Assess both sides of each choice!
Analyze how opportunity costs can differ for two individuals facing the same decision but with different goals and resources.
💡 Hint: Consider personal perspectives and objectives.
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