Question

Carla was trying to decide what to do Saturday evening. She has $100 available to spend for the evening. She has narrowed her choices down to these events: Braves game, a concert of an artist she likes, or the Georgia Aquarium. Admission to the Braves game is $25, hot dogs cost $10, sodas cost $5. The concert costs $25 for admission, $20 for a souvernir t-shirt, and $10 for a soda. The Georgia Aquarium has the show of a lifetime with an all you can eat and drink that costs $100. Carla does not want to take any driving chances, so in addition to the cost of the aquarium, she will also need to pay for her Uber/Lyft, which is $15 each way. Which option should Carla choose if she wants to spend the least? Based on that choice, what then is Carla's oppotunity cost? Fully explain your answer in at least one paragraph.

Answer 1

Explanation:

If carla wants to spend the least amount of money she should go to the Braves game because it has one of the lowwest admission and the food is cheaper than any where else. Yes, the concert admission is the same price but the tee-shirts and soda costs more.

Answer 2

If Carla wants to choose the least spendable option, she can go with Braves game.

Explanation:

Carla has $100 available to spend for the evening.

She has narrowed her choices down to these events:

1. Braves game - Admission to the Braves game is $25, hot dogs cost $10, sodas cost $5. So, total spent will be
`25+10+5=40` dollars

2. A concert - $25 for admission, $20 for a souvernir t-shirt, and $10 for a soda. So, total spent will be =
`25+20+10=55` dollars

3. Georgia Aquarium - Total cost will be =
`100+15(2)=130` dollars

Now, we can neglect the third choice as $130 will be spent and Carla does not have that much.

Now comparing the above two options, we can say that if Carla wants to choose the least spendable option, she can go with Braves game.

Carla can still go t the concert but not to the aquarium.