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7 October, 17:39

Brenda chooses to pay $8 for a movie ticket, rather than work for 4 hours at $10 / hour. what is her opportunity cost?

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  1. 7 October, 17:43
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    Her opportunity cost is $48 (Calculation: 48 = (10*4) + 8) based on her decision in the situation shown in the question above. If Brenda chose to work for four hours, she will not has to spend $8 for the movie ticket and she will get $40 in return for working for four hours. The opportunity cost is the benefit that she will get if she chooses another option.
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