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Multiple Question: You work as an Assistant coach on the university basketball team and earn $12 per hour. One day you decide to skip the hour- long practice and go to the street fair instead, which has an admission fee of $7.
The opportunity cost of skipping practice and going to fair, valued in dollars, is?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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