Alana decides to spend 2 hours working overtime rather than going shopping with her friends. She earns $11 per hour for overtime work. Her opportunity cost of working is
A)the $22 she earns working.
B)the $22 minus the enjoyment she would have received from going shopping.
C)the enjoyment she would have received had she gone shopping.
D)nothing, since she would have received less than $22 worth of enjoyment from going shopping.

Question

Quizplus · Accepted Answer

The opportunity cost of working overtime for Alana is the enjoyment she would have received from going shopping, as it represents the value of the next best alternative foregone by choosing to work instead.

Alana Decides to Spend 2 Hours Working Overtime Rather Than