Your opportunity cost of going to a movie isa. the price of the ticket.b. the price of the ticket plus the cost of any sodaand popcorn you buy at the theater.c. the total cash expenditure needed to go to themovie plus the value of your time.d. zero, as long as you enjoy the movie and considerit a worthwhile use of time and money
Your opportunity cost of going to a movie isa. the price of the ticket.b. the price of the ticket plus the cost of any sodaand popcorn you buy at the theater.c. the total cash expenditure needed to go to themovie plus the value of your time.d. zero, as long as you enjoy the movie and considerit a worthwhile use of time and money
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Your
a. the
b. the price of the ticket plus the cost of any soda
and popcorn you buy at the theater.
c. the total cash expenditure needed to go to the
movie plus the value of your time.
d. zero, as long as you enjoy the movie and consider
it a worthwhile use of time and money
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