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04-01-2018
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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

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ahmedishaal ahmedishaal

14-01-2018

The opportunity cost of reading is watching TV.

Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.

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