Question

Suppose you find $20. If you choose to use the $20 to go to the football game, your opportunity cost of going to the game is a. nothing, because you found the money. b. $20 (because you could have used the $20 to buy other things). c. $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game. d. $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game, plus the cost of the dinner you purchased at the game.

Answer 1

the property of society getting the most from its scarce recources ... Fairness might require that everyone get an equal share because they were ... If you choose to use the $20 to go to the football game, your opportunity cost of going to the game is. $20 because you could have used that money on other things plus the value