. Suppose that you prefer reading a book you already own to watching TV and that you prefer watching TV to listening to music. I
f these are your only three choices, what is the opportunity cost of reading? watching TV and listening to music watching TV listening to music sleeping the price of the book A:watching TV and listening to music B:watching TV C:listening to music D:sleeping E:the price of the book
Opportunity cost is a term used used to express cost in terms of forgone alternatives. It is a sacrifice made in order to choose something else.
Opportunity cost also refers to the gain, enjoyment, benefits that one would have gain but looses such as a result of preferring one alternative to another. With regards to the above, the opportunity cost of reading is watching TV because one must sacrifice watching TV for a book, hence reading a book means that there will be no TV to watch.
I believe when studying, you should read and study as much information as you can, textbooks, Notes, research, ETC. Studying is for you to put everything you have learned into one. ~Hope This Helped~
