Suppose you are offered a coupon for a free dinner at a local restaurant, tip and drink included, if you attend a presentation for prospective renters at a new apartment complex in town. If you attend the presentation, then _____________

Question

27-01-2022
Business

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Suppose you are offered a coupon for a free dinner at a local restaurant, tip and drink included, if you attend a presentation for prospective renters at a new apartment complex in town. If you attend the presentation, then _____________

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Tundexi Tundexi · Answer 1 · 2022-02-01T10:15:08+01:00

If i attend the presentation, then, the opportunity cost of using the coupon for the dinner is the same for all presentation attendees because the dinner is free.

What is opportunity cost?

An opportunity cost refers to the forgone benefit which would have been benefit from a transaction, option or purchase not chosen.

In conclusion, If i eventually attend the presentation, then, the opportunity cost of using the coupon for the dinner is the same for all presentation attendees because the dinner is free.