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Suppose the alternative uses of an hour of your time in the evening, ranked from best to worst, are (1) study economics, (2) watch two
Suppose the alternative uses of an hour of your time in the evening, ranked from best to worst, are (1) study economics, (2) watch two half-hour sitcoms, (3) play video games, and (4) jog around town. You can choose only one activity. What is the opportunity cost of studying economics for one hour given this information? [Note:Provide a five-sentence paragraph to address the answer of your choice in details.Follow through with at least three responses to what other students have posted].
- Jogging around town
- Watching two half-hour TV sitcoms
- Playing video games
- The sum of watching two half-hour TV sitcoms, playing pool, and doing your laundry
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