Question

Ben was off school and could either go to the movies or the arcade. He decided to go to the arcade. What was the opportunity cost?

Answer 1

The opportunity cost which we can deduce from the given question is:

• The Movies

What is Opportunity Cost?

This is an economic principle which simply means the foregone alternatives when a person is making a choice based on the scale of preference.

With this in mind, we can see that Ben has to make a choice about going to the movies or the arcade and he decided to go to the arcade which makes going to the movies the opportunity cost.

Read more about opportunity cost here:
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