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. Suppose that you prefer reading a book you already own to watching TV and that you prefer watching TV to listening to music. If these are your only three choices, what is the opportunity cost of reading? watching TV and listening to music watching TV listening to music sleeping the price of the book

A:watching TV and listening to music
B:watching TV
C:listening to music
D:sleeping
E:the price of the book

Respuesta :

Answer:

B. Watching TV

Explanation:

Opportunity cost is a term used used to express cost in terms of forgone alternatives. It is a sacrifice made in order to choose something else.

Opportunity cost also refers to the gain, enjoyment, benefits that one would have gain but looses such as a result of preferring one alternative to another. With regards to the above, the opportunity cost of reading is watching TV because one must sacrifice watching TV for a book, hence reading a book means that there will be no TV to watch.