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 else you could have done with that hour if you had not done math homework. It could be spending time with friends or family, exercising, or pursuing a hobby, among other things.

You Have an Hour Between Your Economics and Math Classes