Question: Consider your decision about whether to go skiing for the weekend. Suppose that all relevant expensestransportation, lifttickets, and accommodations for the weekend costs $450. Suppose

Consider your decision about whether to go skiing for the weekend. Suppose that all relevant expensestransportation, lifttickets, and accommodations for the weekend costs $450. Suppose also that restaurant food for the weekend will cost $35 more than normally spent on weekend meals.Finally, suppose that you have a weekend job that you will have to miss if you goskiing, which pays you $130 (after tax) per weekend.

What is the opportunity cost of goingskiing? Do you need any other information before computing the opportunitycost?

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