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EastWind [94]
2 years ago
11

"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:________
Business
1 answer:
Allushta [10]2 years ago
8 0

Answer:

total opportunity cost is $44

Explanation:

given data

parking fee = $4

earn = $10 per hour

time = 4 hour

to find out

opportunity cost

solution

we first find 4 hour earning that is

earning = earn × time

earning = 10 × 4

earning in 4 hours = $40

and

saving = $4

so total opportunity cost = saving + earning

total opportunity cost = $4 + $40

so total opportunity cost is $44

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