The opportunity cost of an airplane flight:

Question

Quizplus · Accepted Answer

The opportunity cost of an airplane flight differs across passengers because it depends on both the airfare paid and the highest valued use of travel time for each individual. For example, a business traveler going to an important meeting may have a higher opportunity cost than a leisure traveler going on vacation, even if they paid the same airfare. Additionally, the opportunity cost of a flight may be different for different flights depending on factors such as the length of the flight and the availability and cost of alternative transportation options. Therefore, option C is the best choice.

The Opportunity Cost of an Airplane Flight