Suppose You Could Measure the Value in Monetary Terms for the Following

question 2

Essay

Suppose you could measure the value in monetary terms for the following three things that you could do with your time this Friday evening: a) doing your homework - $50, 2) spending time with your friends - $40 or c) taking a nap - $30. Armed with only this information which activity has the lowest opportunity cost? Which two activities have the same opportunity cost? Based on what you have discovered what is the best use of your time and why?

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Definitions:

Clarity

The quality of being clear, understandable, and transparent in expression, thought, or presentation.

Tuberculosis

An infectious disease caused by the tubercle bacillus; pulmonary tuberculosis is a specific inflammatory disease of the lungs that destroys lung tissue.

Gram-positive

Referring to bacteria that retain the crystal violet dye in the Gram stain test, indicating a thick outer cell wall.

Gram-variable

Pertaining to bacteria that do not consistently stain either positive or negative in the Gram stain test, showing variability in cell wall structure.