you decide to forgo partying for two hours to study for an upcoming economics exam. In your first semster's Princples of Economics class, you learn that the enjoyment you would have recieved from partying is an exampleof_____________________
Explanation: Oppurtunity cost refers to the value of what you have to give up in order to choose something else. Opportunity cost requires sacrifices. If there is no sacrifice involved in a decision, there will be no opportunity cost.
