1. Itemize (list) the out-of-pocket accounting costs, if any, of investing an extra hour in this course right now, in dollars.

2.What is the opportunity cost of this marginal hour, i.e. the dollar value of the second-best use of your time? If you are giving up an hour of labor, what is that worth? If you're giving up an hour of leisure, what would you be willing to pay to get that hour back

3. Add up c. and d. to get the total economic cost in dollars of the marginal hour of study. How can you use this number to guide your time management decisions