It is a beautiful afternoon and you are considering taking a leisurely stroll through the park. There are several other activities you had considered doing instead. The value you would have received from each of the activities is provided in the table below. Alternative activities Value Streaming a movie $5 Taking a nap $8 Chatting with your best friend $13 Reading a new book $15 What is the opportunity cost to you of taking the stroll through the park?
It is a beautiful afternoon and you are considering taking a leisurely stroll through the park. There are several other activities you had considered doing instead. The value you would have received from each of the activities is provided in the table below. Alternative activities Value Streaming a movie $5 Taking a nap $8 Chatting with your best friend $13 Reading a new book $15 What is the opportunity cost to you of taking the stroll through the park?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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It is a beautiful afternoon and you are considering taking a leisurely stroll through the park. There are several other activities you had considered doing instead. The value you would have received from each of the activities is provided in the table below.
Alternative activities | Value |
---|---|
Streaming a movie | $5 |
Taking a nap | $8 |
Chatting with your best friend | $13 |
Reading a new book | $15 |
What is the
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