Suppose that you have 4 things you could do on Saturday night. Your order of preference is: 1) watch TV; 2) study economics; 3) read a book; and 4) go to a movie. Your opportunity cost of watching TV is ________.

Question

Answer

zero since it did not cost you anything to watch TV

Answer

the value of the book you did not read

Answer

the sum of the values in A, B and C above

Answer

the value of the movie you did not go to

Answer

the value of studying not done

Crowdly

Suppose that you have 4 things you could do on Saturday night. Your order of pre...

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