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Serga [27]
2 years ago
6

the opportunity cost of going to a movie is: the money spent on the ticket only. all of the other movies that could have been se

en instead. the time spent in the theater only. the next best use of the time and the money spent.
Business
1 answer:
labwork [276]2 years ago
4 0

the opportunity cost of going to a movie is: the total cash expenditure needed to go to the movie plus the value of your time.

What you forgo in order to get a thing is its opportunity cost. In this situation, the opportunity cost of attending a movie comprises both the overall cost of admission and the value of the time you forwent to see the film.

<h3>What is an example of opportunity cost?</h3>

Opportunity costs give decisions that appear simple context. Think about the price of graduate school. By adding up the price of tuition, board, books, and other educational expenses over the necessary number of years at your top-choice university, you might theoretically calculate this cost. Let's zoom in though. What other options are there? First of all, you shouldn't even think about paying for room and board because you'll need to do so regardless of whether you go graduate school (unless you're moving back into your mother's basement). Additionally, by choosing to go graduate school, you forgo the money you would have earned had you chosen to start working after receiving your bachelor's degree.

To learn more about opportunity cost from given link

brainly.com/question/1549591

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