Tammie makes $150 a day as a bank clerk.She takes off two days of work without pay to fly to another city to attend the concert of her favourite music group.The cost of transportation for the trip is $250.The cost of the concert ticket is $50.The opportunity cost of Tammie's trip to the concert is:
A)$300
B)$450
C)$500
D)$600

Question

Quizplus · Accepted Answer

The opportunity cost includes the lost wages for two days ($150 x 2 = $300) plus the transportation cost ($250) and the concert ticket ($50), totaling $600.

Tammie Makes $150 a Day as a Bank Clerk