The opportunity cost of attending a Friday afternoon economics class is:
A) nothing.
B) the cost of tuition divided by the number of individual classes.
C) another activity that you could otherwise participate in.
D) the cost of your economics textbook.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that is foregone when making a decision. In this case, it is the other activity you could have done instead of attending the class.

The Opportunity Cost of Attending a Friday Afternoon Economics Class