You decide to go skiing this weekend. It costs $50 for transportation, $50 for lodging, $30 for ski lift tickets and you could have earned $100 as a waiter. What is the total cost of the ski weekend?

Question

Quizplus · Accepted Answer

The total cost includes the explicit costs of transportation, lodging, and ski lift tickets ($50 + $50 + $30 = $130) plus the opportunity cost of not working as a waiter ($100). Therefore, the total cost is $130 + $100 = $230.

You Decide to Go Skiing This Weekend