According to the information provided, what is Amy's opportunity cost of taking an hour off work to go cycling during the winter months?

Question

Quizplus · Accepted Answer

Amy's opportunity cost is the value of what she could have earned if she had not taken an hour off work. Since she earns $25 per hour at her job and she spends $5 on cycling, her opportunity cost would be $25 - $5 = $20. Therefore, the best choice would be option C, which states that the opportunity cost is $25, as this is the closest option to the calculated value.

According to the Information Provided, What Is Amy's Opportunity Cost