Applications | Rapididentity X N Canvas LMS X top Tolling on 395 Express Lanes star X + /398693/discussion_topics/4407483 G This assignment will help you understand one of the most important concepts in the study of economics - opportunity cost. It will also he see how almost every decision in daily life involves opportunity cost. Directions Initial Response Opportunity cost of your resource is defined as "the value associated with the next best use of that resource (which you must give up)." De you make should reflect your opportunity cost, and not just your out-of-pocket costs. For example, if you decide to spend two hours of you watching TV, the opportunity cost of your time is the value associated with its next best use (either studying or sleeping). This exercise will ask you to relate this concept to decision making. Post your responses to the following question in the Opportunity Cost discussion forum: When the I-395 Express Lanes first opened in November 2019, the toll was expected to reach up to $30 for drivers in the Northbound lane travel a distance of only 8 miles during the morning rush hour. Read the Washington Post story here . Using the principles of Opportunity Cost and Rational Decision Making, explain why (or why not) drivers might be willing to pay up to $30 to 30 minutes of travel time during the rush hour. You may refer to the directions on how to use the discussion forums provided in Canvas Student Guide & if you need assistance. Note. Yo