Your opportunity cost of attending a lecture on the number of brain cells lost by binge-watching episodes of Here Comes Honey Boo Boo is
A) zero, since you already know that binge-watching will kill all of your brain cells.
B) the price of the ticket for the lecture.
C) the value of attending a meditation class, which is your next-best alternative.
D) the total value of all other options you could have chosen instead of going to the lecture.
Question 2
In the figure above, a movement from point A to point C can be the result of
A) an increase in the government budget deficit.
B) a decrease in expected profit.
C) a rise in the real interest rate.
D) an increase in expected profit.
E) a fall in the real interest rate.
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