Suppose Roger has an hour before his next class starts.He can study, snack, or have a nap.What is this concept known as?

Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that is foregone when making a choice. In this scenario, whatever Roger chooses to do (study, snack, or nap), the value of the best alternative he did not choose represents the opportunity cost of his decision.

Suppose Roger Has an Hour Before His Next Class Starts