If kendrick decides to watch t. v. instead of go to the gym, the is a missed workout.

opportunity cost

Explanation:

Opportunity cost refers to the conditions where scarcity demands that one choice be chosen over another. It simply means that taking advantage of a situation means missing another opportunity. Although it is an economical term, now its sphere has been increased to different fields such as time, mechanical output, person-hours, etc.

As per the question, Kendrick taking the opportunity to watch T.V and missing another one (Gym) is a perfect example of opportunity cost.

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