janjan9209 janjan9209
  • 17-08-2017
  • Business
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What is the opportunity cost of the first extra hour of study?

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meerkat18
meerkat18 meerkat18
  • 30-08-2017
The opportunity cost for the first extra hour of study is an hour of sleep or an hour of something you should have done in lieu of studying. Since you chose to study, and gave up other things which you could have done, those were your opportunity costs. You are willing to give up those things in order to study.
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