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Personal Finance 1307
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PART I: FOUNDATION
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Lesson 2-1: Opportunity Costs Introduction
Lesson 2-1: Opportunity Costs Introduction
You have earned 7 point(s) out of 7 point(s) thus far.
James is deciding if he should pick up an extra shift waiting tables on Friday night or attend a concert. What us the opportunity cost of attending the concert?
Cost of the ticket
Nothing is given up
Lost enjoyment of the concert and friends
Lost wages for the night
Lost wages for the night and cost of the ticket
You have completed 73% of the lesson
73%
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