Question

Saved apter 1 Assignment 4 If a student literally had "nothing else to do,' a. What would be the opportunity cost of doing this homework? points O The student's time. OThe money the student could be earning at a job. O The chores the student could complete at home. 0126.16 eBook b. What is the likelihood of actually having nothing else to do? Print The likelihood is zero or close to zero. OThe likellhood is large. The likelihood is small. Reterences < Prev 40t 10 İİİ Next

Answer 1

(a) If a student had “nothing else to do “ .Then, the opportunity cost of doing this homework is the student’s time because if he doesn’t have anything to do ,this means time is the only thing that he is giving up. Hence, option(A) is correct.

(b) The likelihood of actually having nothing else to do is zero or close to zero. Hence, option(A) is correct.