You are taking this exam. You hate it. You are thinking: "I really wish I could use this time to sleep or play Animal Crossing on my younger sibling's Switch." Suppose, then, that I hook you up with a Time Machine1so you could have a do-over for this morning, it's 8am.

You have the following options:

A:You can sleep in and it will bring you an enjoyment value of150 utils.

B:You could choose to play Animal Crossing, but since it's Animal Crossing not Super Smash Bros Ultimate, you would only have an enjoyment value of 50 utils, and will have to beg your sibling to let you borrow their Switch, you lose 90 utils of satisfaction. So the net satisfaction from playing Animal Crossing is-40 utils.

C:Take the test for this class and receive-100 utils.

Additional Information:If you do not take the exam (i.e., if you choose option A or B), you would fail the course, which means you will have to retake it, which will bring unhap- piness, humiliation, and financial cost that sum up to 300 utils. This means the additional contribution to your satisfaction from not taking the exam is-300 utils.

Given this information, which option should you have chosen? Explain your thought process in terms of Opportunity Cost.