# Econ103midterm1samples Econ103midterm1samples 1 Which Of The Following Statement

d)  Marginal analysis.

8. Suppose that you are willing to pay \$20 to see a movie on Saturday night. A ticket costs \$10, and the next-best alternative use of your time would be to go to dinner with a friend. The cost of the dinner is \$20 and you value the experience of having dinner with your friend at \$60. The opportunity cost of seeing the movie is equal to:

a) \$50. b) \$30. c) \$20. d) \$10.

9. Suppose that you are willing to pay \$50 to see a movie on Saturday night. A ticket costs \$15, and the next-best alternative use of your time would be to go to a concert which costs \$80 and you value at \$100. The opportunity cost of seeing the movie is equal to:

a) \$15. b) \$20. c) \$35. d) \$70.

Econ103Midterm1Samples

10. Suppose you play a round of golf costing \$75. The golf takes four hours to play. If you were not playing golf you could be working and earning \$40 per hour. The opportunity cost of your golf game is:

a) \$75. b) \$235. c) \$155. d) \$160.