Ken Morrow is returning from a thrilling accounting class. As he passes the student union building, he
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Ken Morrow is returning from a thrilling accounting class. As he passes the student union building, he thinks about visiting the video games lounge. For $5 he could play the video games for one hour. The best alternative to playing video games is to study for his accounting exam. One more hour of studying should raise his grade from a B+ to an A–. The higher grade would give Ken an opportunity to get a higher-paying job. Ken estimates that the higher grade is worth about $200 in job opportunities. What is the opportunity cost of playing the video games for an hour?
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Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
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