"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour." The opportunity cost of attending class this evening is:
A)$4.
B)$40.
C)$44.
D)$0.

Question

"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour." The opportunity cost of attending class this evening is:
A)​$4.
B)​$40.
C)​$44.
D)​$0.

Quizplus · Accepted Answer

The opportunity cost includes both the $4 parking fee and the $40 you could have earned by working for four hours, totaling $44.

"If I Didn't Have Class Tonight, I Would Save the $4