"If I didn't have a date tonight, I could save $40 and spend this evening out with my friends." The opportunity cost of the date is
A) $40.
B) $40 plus the cost of forgoing a night out with friends.
C) dependent on how pleasant a time one has on the date.
D) the cost of forgoing a night with friends.

Question

Quizplus · Accepted Answer

The opportunity cost includes both the $40 spent on the date and the value of the night out with friends that is forgone.

"If I Didn't Have a Date Tonight, I Could Save