Question

You normally stay at home on Wednesday nights and study. However, next Wednesday night, your best friend is having his big 21st birthday party. What might be the opportunity cost of going to the party

Answer 1

Answer:

My answer would be don't go, Since we are almost in the red positive for Corona, U might have a chance of catching it from her or the people at her party. On the other hand, u can do a virtual party over the phone/laptop. I understand it's difficult to avoid your bestfriend because of Corona, but technically it's for your own good. If it makes you feel better, I had to miss my Bestfriend B-Day because I was scared to get Corona.

Explanation:

Answer 2

Ppprotunity cost is is the next best choice.
so if you decide to go to the party, staying at home and studying is the opportunity cost.
but if you decide to stay home and study, then going to the party would be the opportunity cost