You purchased baseball tickets last month when your team was doing well. You paid $75 for the non-refundable tickets. The team is doing poorly and a friend offered you $30 for the ticket. The opportunity cost of going to the game is
A) $30
B) $45
C) $75
D) $105

Question

Quizplus · Accepted Answer

The opportunity cost of going to the game is the value of the next best alternative you give up, which in this case is the $30 you could have received from your friend for the ticket.

You Purchased Baseball Tickets Last Month When Your Team Was