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20 February, 14:25

During the time when she took a quiz, Sara could instead have practiced her guitar or completed her calculus homework. She thinks that if she hadn't taken the quiz, she would have completed her calculus homework. Her opportunity cost of taking the quiz is the value of what?

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  1. 20 February, 14:42
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    Her opportunity cost of taking the quiz is the value of completed her calculus homework.

    Explanation:

    Opportunity cost is the value of the next best alternative foregone. That means the benefits that someone misses out on when chooses one alternative over another.

    In this case, Sara herself tells us that she would have completed her calculus homework, which makes it her next best alternative foregone.
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