Question

You leave work two hours early from $10 an hour job, stopping to buy a $15 take-out dinner as you always do when you leave work, to attend the cricket match with a ticket price of $30. What is the value of the opportunity cost of attending the match?

Name: you leave work two hours early from 10 an hour job stopping to buy a 15 take out dinner as you always do when you leave work to attend the cricket match with a ticket price of 30 what is the 97742
Uploaded: 2023-10-03T08:18:17-08:00
Duration: 1 min 12 s
Channel: Oluwadamilola Ameobi
Description: you leave work two hours early from 10 an hour job stopping to buy a 15 take out dinner as you always do when you leave work to attend the cricket match with a ticket price of 30 what is the 97742

          You leave work two hours early from $10 an hour job, stopping to buy a $15 take-out dinner as you always do when you leave work, to attend the cricket match with a ticket price of $30. What is the value of the opportunity cost of attending the match?

Added by Jasmine C.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Oluwadamilola Ameobi

10/03/2023

Step 1

You leave work two hours early, which means you lose out on two hours of pay. Opportunity cost of leaving work early = 2 hours x $10/hour = $20 Show more…

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You leave work two hours early from $10 an hour job, stopping to buy a $15 take-out dinner as you always do when you leave work, to attend the cricket match with a ticket price of $30. What is the value of the opportunity cost of attending the match?