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 means that by taking the trip, you are giving up the potential income that you could have earned if you had worked instead. The amount spent on gas and any other expenses are financial costs, not opportunity costs. Therefore, the best choice is C.

You Decide to Drive Your Car on a Long Road