The opportunity cost of going to the party instead of going to work would be not getting paid for the work you missed. This is because opportunity cost refers to the value of the next best alternative that you give up when you make a decision. In this case, the income you forgo by not working is the most direct cost of your choice.
You decide to go to a party instead of going to work. What would the opportunity cost be?
(1 point)
Responses
going to the party
going to the party
spending time with friends at the party
spending time with friends at the party
not getting paid for the work you missed
not getting paid for the work you missed
getting someone to cover your shift at work
getting someone to cover your shift at work
1 answer