Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play board games. They live about the same distance away, and there is no cost for either event. If she chooses to go to Abby's house, what is the opportunity cost?(1 point) Responses There is no opportunity cost because there is not cost associated with either option. Economics do not apply to this kind of decision. There is no opportunity cost because there is not cost associated with either option. Economics do not apply to this kind of decision. The difference in value to Kendra of the two options. The difference in value to Kendra of the two options. The net value to Kendra of going to Samuel's house to play games. The net value to Kendra of going to Samuel's house to play games. The net value to Kendra of going to Abby's house to watch a movie.

Answer 1

The opportunity cost of Kendra choosing to go to Abby's house to watch a movie is "the net value to Kendra of going to Samuel's house to play games."

Opportunity cost refers to the value of the next best alternative that is forgone when a choice is made. In this context, it is the enjoyment or utility Kendra would have gained from going to Samuel's house instead of Abby's.