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Question
In the Summer, Billy likes to spend afternoons at the pool. What is his opportunity cost of him doing this?
A) The opportunity cost is the value of the next best alternative of his time - how he would spend his afternoons if he wasn't at the pool.
B) The opportunity cost is the value of the sum of all other things he could do instead of going to the pool.
C) No opportunity cost since he is doing an activity he enjoys.
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