The opportunity cost of spending four hours at a movie theater watching a double feature the night before a final exam would be
A)the cost of the movie ticket.
B)the cost of the subway fare to get to the theater.
C)the price of the popcorn and candy bars you snuck into the theater.
D)a higher grade on the exam.
E)All of the choices are true.

Question

Quizplus · Accepted Answer

The opportunity cost of spending four hours at a movie theater watching a double feature the night before a final exam would be a higher grade on the exam, as the time spent at the theater could have been used for studying or reviewing material for the exam. The other options listed (movie ticket cost, subway fare, snack cost) are all monetary costs, but do not represent the true opportunity cost of choosing to spend time at the movies instead of studying.

The Opportunity Cost of Spending Four Hours at a Movie