Question

Anthony can either play 4 hours of video games or read 12 chapters of a book. What is Anthony's opportunity cost of playing one hour of video games?

Answer 1

The opportunity cost of playing an hour of video games is not reading 3 chapters of a book.

Explanation:

Given that Anthony can either play 4 hours of video games or read 12 chapters of a book, to determine what is Anthony's opportunity cost of playing one hour of video games, the following calculation must be performed:

4 = 12

1 = X

1 x 12/4 = X

12/4 = X

3 = X

Therefore, the opportunity cost of playing an hour of video games is not reading 3 chapters of a book.