Your Decision to Attend Class (p. 51)

Every alternative involves an opportunity cost. Think about what you could be doing instead of attending class.

• You could have been working at a part-time job; you could quantify that cost by multiplying your pay rate by the time you spend preparing for and attending class.
• You could have spent the time studying for another class; the opportunity cost could be measured by the improvement in the grade that would result from spending more time on the other class.
• You could have slept in or taken a nap; depending on your level of sleep deprivation, this opportunity cost might be priceless.