Which of the following is an example of opportunity cost not measured by money cost?
A)the time spent eating a business lunch at a restaurant
B)the time spent preparing a meal eaten at home
C)the time spent studying to obtain an "A" in economics
D)the time spent repairing a car in one's own garage
E)All of the above are correct.

Question

Which of the following is an example of opportunity cost not measured by money cost?
A)the time spent eating a business lunch at a restaurant 
B)the time spent preparing a meal eaten at home 
C)the time spent studying to obtain an "A" in economics 
D)the time spent repairing a car in one's own garage 
E)All of the above are correct.

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative foregone. In each of these scenarios, the time spent could have been used for another activity, representing an opportunity cost not measured by money.

Which of the Following Is an Example of Opportunity Cost