Question

Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she values at 40 dollars; or c) going out with a friend, which she values at 80 dollars. The opportunity cost of writing the term paper is: 0 dollars. 80 dollars. 20 dollars. 140 dollars.

Answer 1

80 dollars.

Step-by-step explanation:

Opportunity cost is the cost of the next best option that was forgone when one alternative is chosen.

Lisa next best option is going out with a friend, which she values at 80 dollars.

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