Claire is on her way to her job at a call center where she was planning on spending three hours.She can drop in and work any hour she wants to and earn $12 per hour.Her friend calls and invites her to spend the next three hours bungee jumping.Claire decides to go with her friend,which tells us Claire's opportunity cost of working for three hours is:

Question

Quizplus · Accepted Answer

Claire's opportunity cost of working for three hours is the value of the next best alternative she gives up, which is bungee jumping. Since bungee jumping is worth more than $36 to Claire, her opportunity cost of working for three hours is greater than $36.

Claire Is on Her Way to Her Job at a Call