code class$=$"asciimath"$>$In the first scenario, if you already have a car and are thinking about driving $100$ miles for a weekend visit, the opportunity costs mainly revolve around your time, fuel costs, and the wear and tear on your vehicle. Fixed costs like insurance, depreciation, or repairs don$$t really factor in here since those are ongoing expenses you$$d have to cover no matter what. Now, in the second scenario, if you don$$t own a car but are thinking about buying one to take on a part$-$time job, the opportunity costs shift to the expenses tied to ownership$-$like the purchase price, insurance, depreciation, and repairs$-$because these are directly linked to getting and keeping the car for that new job. Ultimately, the context plays a big role in determining opportunity cost, as it helps identify which costs and benefits matter; fixed costs are unavoidable and not tied to a specific decision, while variable costs and benefits are directly related to the choice at handIn the first scenario, if you already have a car and are thinking about driving $100$ miles for a weekend visit, the opportunity costs mainly revolve around your time, fuel costs, and the wear and tear on your vehicle. Fixed costs like insurance, depreciation, or repairs don$$t really factor in here since those are ongoing expenses you$$d have to cover no matter what. Now, in the second scenario, if you don$$t own a car but are thinking about buying one to take on a part$-$time job, the opportunity costs shift to the expenses tied to ownership$-$like the purchase price, insurance, depreciation, and repairs$-$because these are directly linked to getting and keeping the car for that new job. Ultimately, the context plays a big role in determining opportunity cost, as it helps identify which costs and benefits matter; fixed costs are unavoidable and not tied to a specific decision, while variable costs and benefits are directly related to the choice at handIn the first scenario, if you already have a car and are thinking about driving $100$ miles for a weekend visit, the opportunity costs mainly revolve around your time, fuel costs, and the wear and tear on your vehicle. Fixed costs like insurance, depreciation, or repairs don$$t really factor in here since those are ongoing expenses you$$d have to cover no matter what. Now, in the second scenario, if you don$$t own a car but are thinking about buying one to take on a part$-$time job, the opportunity costs shift to the expenses tied to ownership$-$like the purchase price, insurance, depreciation, and repairs$-$because these are directly linked to getting and keeping the car for that new job. Ultimately, the context plays a big role in determining opportunity cost, as it helps identify which costs and benefits matter; fixed costs are unavoidable and not tied to a specific decision, while variable costs and benefits are directly related to the choice at hand