Recall Application 2, "Gold Farming for World of Warcraft," to answer the following questions:
-Suppose a US "World of Warcraft" player's opportunity cost is $8.00 an hour and can collect 25 coins per hour playing in the game. If the price of the virtual coins was $0.20 each, the player would find it worth their while to:
A) quit their job.
B) buy the virtual coins.
C) sell the virtual coins.
D) not buy the virtual coins.

Question

Quizplus · Accepted Answer

The player can earn $5.00 per hour by collecting coins (25 coins x $0.20 each), which is less than their opportunity cost of $8.00 per hour. Therefore, it is more cost-effective for the player to buy the virtual coins rather than spend time collecting them.

Recall Application 2, "Gold Farming for World of Warcraft," to Answer