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What is the opportunity cost of going to the mall

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Define the term "opportunity cost." Assume you have the chance to go to the mall and hang out with friends. You also have to prepare for your killer economics exam that happens tomorrow. If you don't study or go to the mall, you are supposed to visit your ailing grandmother. What is the opportunity cost of going to the mall? How would an economist want you to make this decision.

Reference no: EM132471526

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