You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time
A) is zero.
B) is one-half the cost of the game, as this is the second time you have played it.
C) is the value of the alternative use of the time you spend playing the game.
D) cannot be calculated.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative foregone as a result of making a decision. In this case, the opportunity cost of playing Grand Theft Auto V for the second time is the value of whatever else you could have done with that time, such as working, studying, or playing a different game.

You Own the Video Game Grand Theft Auto V