A worker is paid $40 per hour. Instead of working, she spends three hours at a museum. The museum trip costs $40 in all. What is the opportunity cost of the museum visit?
- A$40
- B$80
- C$120
- D$160
Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost
A worker is paid $40 per hour. Instead of working, she spends three hours at a museum. The museum trip costs $40 in all. What is the opportunity cost of the museum visit?