Suppose you paid $300 to take this economics course, which meets 30 times for one hour a class during the course of the semester. Instead of attending class you could have either flipped hamburgers for $10 an hour or waited tables for $8 an hour. Given this information, the opportunity cost of attending each class session is:

Question

Quizplus · Accepted Answer

The opportunity cost of attending each class session is the highest value of the next best alternative forgone, which is flipping hamburgers for $10 an hour.

Suppose You Paid $300 to Take This Economics Course, Which