Question

You work as an assistant coach on the university swim team and earn $15 per hour. One day, you decide to skip the hour-long practice and go to the movie theater instead, which has an admission fee of $9.The total cost (valued in dollars) of skipping practice and going to the movies (including the opportunity cost of time) is

Answer 1

Total cost of skipping practice and going to the movies = $24

Step-by-step explanation:

Total cost of going to movie and skipping practice, will be inclusive of opportunity cost of earning from swimming lessons.

Here coach earns $15 per hour

Opportunity cost = $15 per hour for hours forgiven due to movie.

Real cost = $9 for movie entry.

The total cost of skipping practice and going to the movies = $15 + $9 = $24

Since its hour long practice, that has to be skipped, assumed the practice session of an hour is missed, in case it is more than an hour then $15 X number of hours + $9 entry fee of movie.

Since its hour long practice, total cost of skipping practice and going to the movies = $15 + $9 = $24