Author Question: The night before a midterm exam, you decide to go to the movies instead of studying for the exam. ... (Read 131 times)

Arii_bell · **on:** Jun 29, 2018

The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your exam. If you had studied the night before, you'd have scored 70 percent.

What was the opportunity cost of your evening at the movies? A) 10 percent off your grade
B) 60 percent
C) 70 percent
D) zero

Question 2

The quantity of real GDP demanded equals 16.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals

A) less than 16.4 trillion.
B) 16.4 trillion.
C) more than 16.4 trillion.
D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.