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

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

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.

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Essential Economics for Business

Edition: 5^th

Authors: Sloman, Jones

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More solutions for this book are available here

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This calls for a celebration Person Raising Both Hands in Celebration

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