Tim Decides to Spend Four Hours Playing Video Games Rather

question 259

Multiple Choice

Tim decides to spend four hours playing video games rather than attending his classes. His opportunity cost of playing games is

• A)the value of the knowledge he would have received had he attended his classes.
• B)the $50 he could have earned if he had worked at his job for those four hours.
• C)the value of his time playing video games minus the value of attending classes.
• D)nothing, since he valued playing video games more than attending classes.

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Definitions:

Generating Information

The process of creating or producing new data or knowledge.

Integrating Information

The process of synthesizing and combining different pieces of data and knowledge to form a comprehensive understanding or solution.

Neurons

Specialized cells of the nervous system that transmit information throughout the body via electrical and chemical signals.

Action Potential

A temporary shift in the electrical charge of a neuron's membrane, leading to the transmission of a nerve impulse.