Suppose that you are considering what to do on an upcoming weekend. Here are your options, from

Question:

Suppose that you are considering what to do on an upcoming weekend. Here are your options, from least to most preferred:

(1) Study for upcoming midterms;

(2) Fly to Colorado for a quick ski trip;

(3) Go into seclusion in your dorm room and try to improve your score on a computer game.

What is the opportunity cost of a decision to play the computer game all weekend?

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...

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