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I am Lyosha [343]
2 years ago
9

Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour;

baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Business
1 answer:
kobusy [5.1K]2 years ago
5 0

Answer:

the opportunity cost is in the case when you choose to go to the movies is $20

Explanation:

The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:

= Earning per hour × number of hours

= $10 × 2 hours

= $20

Hence, the opportunity cost is in the case when you choose to go to the movies is $20

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