Quizzol

QUESTION:

uppose you find $20. If you choose to use the $20 to go to the baseball game, your opportunity cost of going to the game is ________.

a. nothing, because you found the money

b. $20 (because you could have used the $20 to buy other things)

c. $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game

d. $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game, plus the cost of the dinner you purchased at the game

e. none of the answer choices

ANSWER:

c. $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game

Posted by Cleveland on August 28, 2024