You have an hour between your economics and math classes.What is the opportunity cost of that time if you use it to do math homework?
A) It depends on what you would do if you had no math homework.
B) It depends on how much you like math.
C) zero, because an hour isn't long enough to go to a paying job
D) zero, because it doesn't cost any money to do your math homework

Question

Quizplus · Accepted Answer

The opportunity cost of using the hour to do math homework depends on what you would have done if you did not have math homework. If you would have spent the hour doing something more enjoyable or productive, then the opportunity cost of doing math homework is higher.

You Have an Hour Between Your Economics and Math Classes