Patty has multiple options for earning money this Saturday. She only has time for 1 job. She can choose to mow lawns for $50; make deliveries for babysit for $65. If Patty chooses to make deliveries; what is the opportunity cost of that decision? (1 point)

Answer 1

The opportunity cost of Patty choosing to make deliveries is the value of the next best alternative she is giving up, which in this case is mowing lawns for $50. Therefore, the opportunity cost of her decision to make deliveries is $50.