Here are three things you could do if you choose not to go to class one day next week: sleep later (you value this at $15) ,hang out with friends (you value this at $14) ,or go in to work (you could earn $12 during class) .The opportunity cost of going to class is
A) $12, because this is the only alternative of the three where you actually receive a monetary payment.
B) $12, because this is the lowest valued alternative forfeited.
C) $15, because this is the highest valued alternative forfeited.
D) $41, because this is the total dollar sum of the alternatives forfeited.
Correct Answer:
Verified
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