asked 1.1k views
5 votes
Gomer decides to spend an hour playing basketball rather than studying. his opportunity cost of playing basketball is:

asked
User Rondell
by
8.0k points

1 Answer

5 votes
The answer to this question is the benefit to his grades from studying for an hour. Opportunity cost is the value that you must sacrifice in order to pursue a certain decision. In this case, when Gomer decides to use one hour of his time to play basketball, he could no longer use that one hour to do another form of activity.
answered
User Sac
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories