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In a week you could read two books or see four movies.

The opportunity cost of choosing to read one book is

User IJK
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2 Answers

1 vote

Answer:

Two movies.

Step-by-step explanation:

If in a week you could read two books or see four movies, the opportunity cost of choosing to read one book is two movies.

User TheSD
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5 votes

Answer:

two movies

Step-by-step explanation:

Opportunity cost is a way that economists use to measure the sacrifice you need to make by failing to do one activity over another. For example, if I can write 10 pages or read 50 pages in one day, the opportunity cost of writing 10 pages will be the 50 pages I missed. And the opportunity cost of reading the 50 pages will be to stop writing 10 pages. Thus, opportunity cost is a way of measuring what you failed to do with the time you spent in another activity. So if in a week you can read two books or watch four movies, the opportunity cost of reading two books is to miss seeing four movies. And the opportunity cost of reading a book is missing two movies.

User Ahmed Blue
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