A new fast-food restaurant offered a free meal (valued at $5) a week for a year to its first 100 customers. Ramona camped out for 48 hours before the opening to be one of the first 100 customers. The cost of the free meal a week for a year for Ramona was:
A)zero.
B)$260.
C)whatever else she would have done with the 48 hours.
D)The cost is impossible to determine.

Question

Quizplus · Accepted Answer

The cost to Ramona is the opportunity cost, which is whatever else she could have done with those 48 hours instead of camping out.

A New Fast-Food Restaurant Offered a Free Meal (Valued at $5)