Suppose That You Could Prepare Your Own Tax Return in 15

Suppose that you could prepare your own tax return in 15 hours,or you could hire a tax specialist to prepare it for you in 2 hours.You value your time at $11.00 an hour.The tax specialist will charge you $55 an hour.The opportunity cost of preparing your own tax return is:

A) $40.
B) $55.
C) $110.
D) $165.
The use of your time to do the tax returns is 15*$11.00 = $165.00.This is your opportunity cost.