Lauren makes $150 a day as a bank clerk. She takes two days off work without pay, to fly to another city to attend the concert of her favorite band. The cost of transportation and lodging for the trip is $250. The cost of the concert ticket is $50. The opportunity cost of Lauren's decision to attend the concert is:

Question

Quizplus · Accepted Answer

The opportunity cost includes the lost wages for two days ($150 x 2 = $300) plus the cost of transportation, lodging, and the concert ticket ($250 + $50 = $300), totaling $600.

Lauren Makes $150 a Day as a Bank Clerk