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25 July, 08:35

Your opportunity cost of going to a movie is: the price of the ticket. zero as long as you enjoy the movie and consider it a good use of your time and money. the price of the ticket plus the popcorn and soda you buy at the theater. the total cash expenditure needed to go to the movie plus the value of your time.

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  1. 25 July, 08:40
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    The total cash expenditure needed to go to the movie plus the value for your time

    Explanation:

    The opportunity cost of the item depends on that what you give up to that to the items. so the opportunity of the movie cost included both the total cash expenditure needed to go to the movie plus the value of the time you gave up to watch the movie that you are going to watch.

    Principle is that the cost of something is what you give up to get this.
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