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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

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Unit 1A Quiz 2

Unit 1A Quiz 2

Q Question 1 1 / 1 pts An optimal decision is one that chooses Question 2 1 / 1 pts Sophia is planning her activities for a hot summer day. She would like to go to the local swimming pool and see the latest blockbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity. This illustrates the basic principle that Question 3 1 / 1 pts Margo spends $10,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is: Question 4 1 / 1 pts The opportunity cost of an item is Question 5 1 / 1 pts A new fast-food restaurant offered a free meal (valued at $5) a week for a year to its first 100 customers. Ramona camped out for 48 hours before the opening to be one of the first 100 customers. The cost of the free meal a week for a year for Ramona was:

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1 the most desirable alternative among the possibilities permitted by the resources available. 2 people face tradeoffs. 3 whatever she would have purchased with the $10,000 plus whatever she would have earned had she not been in college.