What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued at 10$/h), and surfing for any amount of time (valued at 15$/h) [You can combine activities as you wish.]?

Answer rating: 100% (QA)

Opportunity cost of any task is the value of the next best alternative forgone ... View the full answer