Which of the following would be likely to raise your opportunity cost of attending a big basketball game this Sunday night?
A)A friend calls you up and offers you free tickets to a concert by one of your favorite bands on Sunday night.
B)Your employer offered you double your usual wage to work this Sunday night.
C)Late Friday afternoon, your physics professor makes a surprise announcement that there will be a major exam on Monday morning.
D)All of the above would likely raise the opportunity cost of attending the game.

Question

Which of the following would be likely to raise your opportunity cost of attending a big basketball game this Sunday night?
A)​A friend calls you up and offers you free tickets to a concert by one of your favorite bands on Sunday night.
B)​Your employer offered you double your usual wage to work this Sunday night.
C)​Late Friday afternoon, your physics professor makes a surprise announcement that there will be a major exam on Monday morning.
D)​All of the above would likely raise the opportunity cost of attending the game.

Quizplus · Accepted Answer

Each option presents an alternative use of your time that has value, thereby increasing the opportunity cost of attending the basketball game. Option A offers a competing entertainment event, option B offers additional income, and option C implies the need for study time, all of which are valuable alternatives to attending the game.

Which of the Following Would Be Likely to Raise Your