Economics · Basic Concepts
A student decides to spend 2 hours studying economics instead of working at a part-time job that would have earned him ₹200. The cost of this decision is the ₹200 he could have earned, which represents which economic concept?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal Benefit
- 2Opportunity Cost✓
- 3Utility Maximization
- 4Law of Supply
Correct answer
Opportunity Cost
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