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asprague24 asprague24
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4 years ago
You own a DVD of the film 'A Beautiful Mind'. The opportunity cost of watching the DVD the second time

▸ is one-half the cost of the DVD, since this is the second time you have watched it.

▸ is zero as you already own the DVD.

▸ the amount of money you could get from selling the DVD after watching it the first time.

▸ is the value of the best alternative use of the time you spend watching the DVD on this occasion.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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mnp2357mnp2357
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4 years ago
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asprague24 Author
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4 years ago
Correct Slight Smile TY
missnoname
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Thank you, thank you, thank you!
deathwing
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This site is awesome
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