Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
(1 point)
Responses
being able to visit with friends
being able to visit with friends
spending money on the board game
spending money on the board game
being able to see a new movie
being able to see a new movie
spending money on the movie tickets
spending money on the movie tickets
1 answer
The most likely opportunity cost of choosing to play a board game rather than going to the movies is being able to see a new movie.
Opportunity cost refers to the value of the next best alternative that you forego when making a choice. In this case, the alternative to playing a board game is going to the movies and watching the new film.
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