Microeconomics Practice Test — Flashcards | AP Microeconomics | FatSkills

Microeconomics Practice Test — Flashcards

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Nancy has the choice to spend one hour studying for an exam, mowing the lawn for one hour at a wage of $6, or babysitting her niece for one hour at a wage of $8. If we know that Nancy has chosen to study for the exam, which of the following is true?
The benefit received from studying is greater than the opportunity cost of $8.
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