Question

Sabrina makes $10 per hour at her job. She leaves two hours early to go see a movie. The price of the movie ticket is $10. What is the total opportunity cost of seeing the movie

Answer 1

Opportunity cost= $30

Step-by-step explanation:

Giving the following information:

Sabrina makes $10 per hour at her job. She leaves two hours early to go see a movie. The price of the movie ticket is $10.

The opportunity cost is the monetary value of choosing one option over another. In this case, we need to account for the 2 hours that she doesn't work and the cost of the ticket.

Opportunity cost= 2*10 + 10

Opportunity cost= $30