Ask Question
27 September, 03:04

Lisa was choosing between three alternatives: working on her job that pays her $60; writing a term paper which she values at $40; or going out with a friend, which she values at $80. The opportunity cost of going out with her friend is

+4
Answers (1)
  1. 27 September, 03:27
    0
    Opportunity cost is the amount of value that we need to forfeit/sacrifice in order to choose a certain decision.

    In this case, the opportunit cost of choosing to go with friends would be:

    ($40 + $60) - $80

    = $ 100 - $ 80

    = $20
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lisa was choosing between three alternatives: working on her job that pays her $60; writing a term paper which she values at $40; or going ...” in 📗 Physics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers