Tim decides to spend four hours playing video games rather than attending his classes. His opportunity cost of playing games is
A)the value of the knowledge he would have received had he attended his classes.
B)the $50 he could have earned if he had worked at his job for those four hours.
C)the value of his time playing video games minus the value of attending classes.
D)nothing, since he valued playing video games more than attending classes.

Question

Quizplus · Accepted Answer

The opportunity cost of Tim's decision is the value of the knowledge and education he is giving up by not attending class. It is important to consider the long-term benefits of education and weigh them against short-term pleasure or leisure activities. Choosing to prioritize video games over education may have negative consequences in the future.

Tim Decides to Spend Four Hours Playing Video Games Rather