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Suppose there are three things that Bob can do . From most valuable to least valuable those things are: hang out with Louise, take a
Suppose there are three things that Bob can do From most valuable to least valuable those things are: hang out with Louise, take a nap, or go to the wharf. Choosing one of these activities means that he cannot do the others.
What is the opportunity cost of hanging out with Louise?
a There is no opportunity cost because none of those actions cost money.
b The value taking a nap plus the value going to the wharf.
c The value Bob would have gotten from taking a nap.
d The value Bob would have gotten from going to the wharf.
Clear my choice
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