2. You have 3 hours of free time. And you can think of 3 different uses of your time: 1) watching TV, 2) reading a novel, 3) playing basketball, Suppose you value them at $30, $25, $35, respectively. a) What is the opportunity cost of watching TV? Please specify the dollar value and explain how you get that answer. b) What is the opportunity cost of playing basketball? Please specify the dollar value and explain how you get that answer. c) Should you use the 3 hours of time to read a novel? Why or why not? Briefly explain your reasoning.

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