O-Level Economics Practice Questions - Singapore-Cambridge GCE Ordinary Level Economics (Syllabus 2286) Exam

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A student gives up two hours of part-time work paying $12 per hour to study for an exam. The opportunity cost of studying is best described as:

the $24 of wages forgone the exam grade earned the satisfaction from studying zero because studying is free

Correct Answer:

the $24 of wages forgone

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