Suppose you have a very efficient study system. then, as you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam increases.
It increases due to the fact that regardless of the sufficiency of the opportunity costs, it will increase as a person increases the number of hours studying.
In regards to microeconomic theory, the opportunity cost of a specific activity is seen as the value or benefit that is let go by been involved in that activity.
Therefore, Suppose you have a very efficient study system. then, as you increase the hours that you study for an economics exam, the opportunity cost of studying for the exam increases.
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