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14 November, 18:45

Fred who is a Colts Fan paid $75 for a ticket to go to a Football game. He also spent an additional $30 for parking and bought dinner for $10. Fred took four hours off from a part time job that pays him $10 an hour to go to the game. Fred's opportunity cost of going to the game is

(A) $155

(B) $145

(C) $105

(D) $75

(E) $135

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  1. 14 November, 21:11
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    The correcto answer is A: $155

    Explanation:

    Giving the following information we need to calculate the net profit or loss:

    $75 for a ticket

    $30 for parking

    $10 dinner

    Fred took four hours off from a part-time job that pays him $10 an hour to go to the game.

    Total cost of the game = $115

    Total loss from nos going to work = $40

    Total loss = $155

    If he wouldn't have gone to the game, he would have saved $115 and gain $40
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