Nick's boss called to ask if he could cover another employee's shift on Friday night. However, Nick said that he was busy becaus
e he had already made plans with his friends to go to dinner and see a movie. He spent $15.00 on dinner and another $10.00 to see the movie. He would have earned $40.00 had he taken the extra shift.
Step-by-step explanation: The opportunity cost of going to dinner and seeing a movie is $40.00. Opportunity cost refers to what is given up when making a decision.
