You rent a copy of a new action/adventure movie.The rental is for seven days and you watch the movie on the first day.You tell a friend about the film and your friend asks to come over and watch the movie with you before it is due back.What is your opportunity cost of watching the movie a second time?

Question

Quizplus · Accepted Answer

The opportunity cost of watching the movie a second time depends on what else you could do with your time instead of watching the movie again. If you have other things to do that are more valuable to you than watching the movie again, then the opportunity cost is higher. If you have nothing else to do and you really enjoyed the movie, then the opportunity cost may be lower. So, the answer depends on your personal preferences and circumstances.

You Rent a Copy of a New Action/adventure Movie