Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
The money earned at the job
B
The knowledge gained from studying
C
The time spent at the job
D
The enjoyment of spending time with friends
Understanding the Answer
Let's break down why this is correct
Answer
The opportunity cost of a student choosing to work at a part-time job on Saturday instead of studying for an exam is the value of what they gave up by not studying. This means they might miss out on understanding important material that could help them do better on the exam. For example, if the student could have studied for three hours and learned key concepts, that knowledge is what they sacrificed to earn money at their job. Therefore, the opportunity cost is not just the money earned but also the potential higher grade they could achieve by studying. In simple terms, it's about weighing the benefits of work against the benefits of studying to see which choice might help them more in the long run.
Detailed Explanation
The opportunity cost is what you give up when you make a choice. Other options are incorrect because Some might think the money earned is the cost; Time spent at the job seems like a cost, but it's not the main loss.
Key Concepts
alternative choices
Topic
Opportunity Cost Analysis
Difficulty
easy level question
Cognitive Level
understand
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