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Illustrations of opportunity costs

Illustrations of opportunity costs which you might or will have incurred would comprise: (i) severe injuries suffered within an accident since you failed to buckle up. (ii) the income you could earn when you were not in school. (iii) time spent studying economics in place of studying for a calculus exam scheduled for tomorrow. (iv) failing out of school since you partied too much in this semester. (v) All of the above.

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