Malik has two options this weekend. He could work at his job and earn $9 per hour for three hours, or he could got o a show at t

Question

3 years ago

6

Malik has two options this weekend. He could work at his job and earn $9 per hour for three hours, or he could got o a show at t

he theater for that three hours. A ticket to the theater costs $30. What is the opportunity cost of going to the theater?
A. $27
B. $57
C. $47
D. $90

Business

1 answer:

Igoryamba · Answer 1 · 2022-07-10T17:05:42+03:00

Answer:

B. $57

Explanation:

The computation of the opportunity cost of the theater shown below:

= Earning per hour × number of hours + cost of the theater ticket

= $9 × 3 hours + $30

= $27 + $30

= $57

To find the opportunity cost we considered the total earnings and the cost of the theater tickets so that the accurate cost of the theater could come.