You decide to take a 7-day vacation and the trip costs you $2,500. While you are on vacation, you do not report to work where you could have earned $800. You have already spent $1,000 before your trip. The opportunity cost of the vacation is

Select one:

a. $800

b. $3,300

c. $4,300

d. $2,500

Answer rating: 100% (QA)

opportunity cost means if you go for one alternative so you ... View the full answer