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Suppose there are three things that Linda can do. From least valuable to most valuable those things are: hang out with Tina, dance, or sing.
Suppose there are three things that Linda can do. From least valuable to most valuable those things are: hang out with Tina, dance, or sing. Choosing one of these activities means that she cannot do the others. What is the opportunity cost of singing? Question 6 Answer a. The value taking a dancing plus the value hanging out with Tina. b. The value Linda would have gotten from hanging out with Tina. c. There is no opportunity cost because none of those actions cost money. d. The value Linda would have gotten from dancing
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