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April 19, 2014

Homework Help: Microeconomics

Posted by lavern on Thursday, March 17, 2011 at 10:55am.

You own the Wizard of Oz on DVD. The opportunity cost of watching this DVD for the second time:
A) is zero.
B) is one half the cost of the DVD, as this is the 2nd time you have watched it.
C) is the value the alternative use of the time you spend watching the DVD.
D) cannot be calculated.
Would anyone agree that the answer is C

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