Karen is trying to decide between sleeping late or waking up early to study for her STAAR test. What is her gpaportunity cost if she decides to sleep late? (Hint: opportunity cost was a vocabulary word- scroll back up in the assignment to remind yourself what this word means) extra study time time to mow the yard extra sleep time enjoy more sleep

Opportunity cost refers to the value of the next best alternative that is foregone when a decision is made. In this case, if Karen decides to sleep late, her opportunity cost would be the benefit she would have gained from the next best alternative, which is waking up early to study for her STAAR test.<br /><br />Therefore, the opportunity cost of Karen deciding to sleep late is "extra study time."