You decide to drive your car on a long road trip of 1,500 miles.The opportunity cost of driving your car:

Question

Quizplus · Accepted Answer

The opportunity cost of driving your car on a long road trip includes the lost wages that you could have earned instead of driving. This is because the time spent driving could have been used for other activities, such as working and earning money. The amount of money spent on gas is a direct cost of the trip and not an opportunity cost. The fact that the car is paid for does not affect the opportunity cost. Therefore, the best choice is C.

You Decide to Drive Your Car on a Long Road