To answer each question, start by describing your highest valued alternative that you would have given up in order to undertake the activity. List a few of the alternatives that you would have done instead of the activity in question. For example if doing yoga, making dinner or watching a You-Tube video are the list of your altenatives, identify the one that you value the highest. Say if you are taking your dog for a walk in the morning, yoga is your best alternative. Then your opportunity cost of walking your dog is the loss benefits of doing yoga. Suppose you should walk your dog for 30 minutes every day. What is the opportunity cost of walking your dog? What is the opportunity cost of reading your textbook