Question

Which of the following best describes the opportunity cost of attending a free concert at the local coffee shop?

1. The chance to play the latest video game with your roommate while you were at the concert
2. The coffee you buy while attending the concert Hanging out with your friends at the coffee shop during the concert
3. The amount of money a ticket would have cost if it were not free

Answer 1

Answer:

1. The chance to play the latest video game with your roommate while you were at the concert

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

The opportunity cost of attending the concert is the activity that could have been done if one didnt attend the concert which is playing video games.

I hope my answer helps you.