You are faced with the following alternative choices on saturday afternoon. you can only do one of these activities. none of these activities will require you to spend any money. choice a: go to the beach. choice b: work out using exercise equipment in your garage. choice c: stay at home and practice playing the drums. it turns out that choice a is your most preferred activity, choice b is your second most preferred activity, and choice c is your least preferred activity. you choose to go to the beach. what is the opportunity cost of your decision to go to the beach?

The third one is true. 0.3 > 0.20

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The answer is analogy approach