After a night of karaoke, Tiffany forgets to set her alarm and sleeps through her Economics final exam.A. The Opp. cost of Tiffanys decision is the price to retake the examB. The Opp. cost of Tiffanys decision is the value of everything she could have done instead of staying out lateC. The Opp. cost of Tiffanys decision is a poor grade on the examD. The Opp. cost of Tiffanys decision is a better grade on the the examE. All of the above

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02-01-2020
Business

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After a night of karaoke, Tiffany forgets to set her alarm and sleeps through her Economics final exam.A. The Opp. cost of Tiffanys decision is the price to retake the examB. The Opp. cost of Tiffanys decision is the value of everything she could have done instead of staying out lateC. The Opp. cost of Tiffanys decision is a poor grade on the examD. The Opp. cost of Tiffanys decision is a better grade on the the examE. All of the above

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ekeneizuka ekeneizuka · Answer 1 · 2020-01-04T16:41:01+01:00

ekeneizuka ekeneizuka

04-01-2020

Answer: The Opportunity cost of Tiffany's decision is a better grade on the the exam

Explanation:

The opportunity cost is the cost of choosing a particular option out of a set of options a person could have benefited from.

In Tiffany's case her choice going for karaoke night a night before her exam, made her to miss out on her exam which she would have most likely exceled in.

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