You should include the risk of getting a parking ticket in opportunity cost when making a smart choice between parking illegally and buying a parking permit.

Question

Quizplus · Accepted Answer

Opportunity cost includes all the possible outcomes and consequences of a decision, including potential risks such as getting a parking ticket when parking illegally. Therefore, it should be considered when making a smart choice between parking illegally and buying a parking permit.

You Should Include the Risk of Getting a Parking Ticket