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Question
It takes Rohan 30 minutes to do an economics assignment and one hour to do a finance assignment. What is the opportunity cost of you doing two economics assignments?
Options
1 finance assignments
2 finance assignments
`1/2` finance assignments
3 finance assignments
MCQ
Solution
1 finance assignments
Explanation:
It takes 30 minutes to complete one economics homework. It takes an hour to complete two economics assignments, which is the same amount of time that it takes to complete one finance assignment. As a result, doing two economics assignments costs the same as doing one finance assignment.
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