Gina missed her shift at the restaurant in order to attend a soccer game. She paid $30 for the ticket, $20 for parking, and ate $10 worth of popcorn. Had she worked her shift, Gina would have earned $100. Her opportunity cost of attending the game is

Question

Quizplus · Accepted Answer

The opportunity cost is the value of the forgone option. In this case, if Gina had worked her shift, she would have earned $100, but instead, she spent $30 + $20 + $10 = $60 on attending the soccer game. Therefore, her opportunity cost is $100 (income lost from not working) + $60 (expenses incurred from attending the game) = $160. Option C is the correct answer.

Gina Missed Her Shift at the Restaurant in Order to Attend