Question

John loves to sleep late in the morning. He also knows that school is important. This morning, John chose

to wake up and get to school on time. In doing this, he gave up the opportunity to sleep in. The opportunity cost
of John's choice to go to school is two or three hours of sleep.
Ana loves to go camping with her family and is looking forward to their trip next weekend. Ana learns that her
good friend is having a sleepover birthday party the same Saturday as the trip.
For Ana, what would be the opportunity cost of going to her friend's party? Why?

Answer 1

Step-by-step explanation:

The opportunity cost for Ana of going to her friend's party would be missing out on the camping trip with her family. In this scenario, Ana has to make a choice between attending her friend's party or going on the camping trip. By choosing to attend the party, Ana gives up the opportunity to spend time with her family and enjoy the camping experience. The camping trip, with its potential for family bonding and outdoor activities, represents the alternative option that Ana sacrifices when she decides to attend the party. Therefore, the opportunity cost for Ana is the enjoyment and experience she would have gained from the camping trip.