Question

Now that Susan has decided to study for 3 hours and watch TV for 5 hours, calculate the opportunity cost involved with watching TV. Be sure to include the quantity (number) and specifically label what the cost is (Hint: it's either watching TV or studying). *

Answer 1

Opportunity Cost of watching TV is 0.6 study hours

Step-by-step explanation:

Opportunity Cost is the cost of next best alternative foregone (sacrifised) , while choosing an alternative.

Given case : Opportunity cost of watching TV is the amount of study hours sacrifised while it. As per 3 hrs & 5 hrs study & TV combination respectively, study hours sacrifised per TV hour is 3/5 = 0.6 hour.