What is the opportunity cost of going to an outdoor music festival?

Question

Quizplus · Accepted Answer

The opportunity cost of going to an outdoor music festival is equal to the highest value of an alternative use of the time and money spent on the festival. This means that you have to give up the potential benefits and values of all the other activities and opportunities that you could have pursued with the same time and money.

Answer: A and B 
 While option A (the enjoyment you receive from going to the festival) is not technically the opportunity cost, it is a benefit or value you receive from attending the festival. Option B (the value of the time spent at the festival) is a more accurate representation of the opportunity cost because attending the festival is using up a portion of your time that could have been spent on other opportunities. Therefore, both A and B could be considered relevant factors to consider when making the decision to attend an outdoor music festival.

What Is the Opportunity Cost of Going to an Outdoor