Question

Fred who is a Colts Fan paid $75 for a ticket to go to a Football game. He also spent an additional $30 for parking and bought dinner for $10. Fred took four hours off from a part time job that pays him $10 an hour to go to the game. Fred’s opportunity cost of going to the game is

(A) $155
(B) $145
(C) $105
(D) $75
(E) $135

Answer 1

The correcto answer is A: $155

Step-by-step explanation:

Giving the following information we need to calculate the net profit or loss:

$75 for a ticket

$30 for parking

$10 dinner

Fred took four hours off from a part-time job that pays him $10 an hour to go to the game.

Total cost of the game= $115

Total loss from nos going to work= $40

Total loss= $155

If he wouldn't have gone to the game, he would have saved $115 and gain $40