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Scenario 1-2 Suppose That You Have a Choice Between Going to the to the Movies

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Scenario 1-2
Suppose that you have a choice between going to the movies with a friend for two hours or working at your job. If you go to the movies, you will spend $7 on a ticket and $5 on popcorn. If you choose to work, you will earn $10 an hour.
-Refer to Scenario 1-2. What is your opportunity cost of going to the movies?


Definitions:

RAM

Short for Random Access Memory, it's a form of computer memory that can be read and changed in any order, typically used to store working data and machine code.

Hardware

The physical components of a computer system, including the CPU, memory, and input/output devices.

Input Device

Hardware used to enter data and commands into a computer system; examples include keyboards, mice, and scanners.

Touchscreens

Input devices that allow users to interact with a computer or other devices by touching the screen directly with one or more fingers or a stylus.

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