From 8 P^.M^.to 10 P^.M^.., Susan can attend a movie, study, or talk with friends. Suppose that Susan decides to go to the movie but thinks that, if she hadn't, she would otherwise have talked with friends. The opportunity cost of attending the movie is

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Quizplus · Accepted Answer

The opportunity cost is the value of the next best alternative forgone, which in this case is talking with friends. The other options (studying and attending the movie and studying, attending the movie and talking with friends, or all three options) do not accurately represent the opportunity cost in this scenario.