1. You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time a. is zero b. is one-half the cost of the game, as this is the second time you have played it. c. is the value of the alternative use of the time you spend playing the game. d. cannot be calculated.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
Problem 2CQQ
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1. You own the video game Grand Theft Auto V. The opportunity cost of playing this
game for the second time
is zero
a.
b. is one-half the cost of the game, as this is the second time you have played it.
c. is the value of the alternative use of the time you spend playing the game.
d. cannot be calculated.
Transcribed Image Text:1. You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time is zero a. b. is one-half the cost of the game, as this is the second time you have played it. c. is the value of the alternative use of the time you spend playing the game. d. cannot be calculated.
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