Question

Nick's boss called to ask if he could cover another employee's shift on Friday night. However, Nick said that he was busy because 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.

Answer 1

Answer: D) $40.00

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.