# On one of my first dates with my wife, we went to see the movie Space balls

## Question:

On one of my first dates with my wife, we went to see the movie “Space balls” and paid \$5 per ticket.
A: Halfway through the movie, my wife said: “What on earth were you thinking? This movie sucks! I don’t know why I let you pick movies. Let’s leave.”
(a) In trying to decide whether to stay or leave, what is the opportunity cost of staying to watch the rest of the movie?
(b) Suppose we had read a sign on the way into the theater stating “Satisfaction Guaranteed! Don’t like the movie half way through — see the manager and get your money back!” How does this change your answer to part (a)? Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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