Amy's opportunity cost of going to the movies is

Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that has been forgone. In this case, if Amy had not chosen to go to the movies, she would have chosen to do something else with her time that has some value to her. The opportunity cost of her decision to go to the movies is the value of that next best alternative, which is the price of the ticket plus the value of what she would have done with her time. Therefore, the correct answer is C.

Amy's Opportunity Cost of Going to the Movies Is