1. Suppose there are only three things you can do rather than attend a community social event: read a novel (you value this at $5) , go to work (you could earn an extra $7), or watch videos with some friends (you value this at $10) . The opportunity cost of attending the community social event is a. zero b. $5, because this is the lowest valued alternative forfeited. c. $7, because going to work is the only alternative involving a genuine monetary payment. d. $10, because this is the highest valued alternative forfeited. e. $22, because this is the total dollar amount of the three alternatives