anonymous
  • anonymous
Tammie makes $150 a day as a bank clerk. She takes off two days of work without pay to fly to another city to attend the concert of her favorite music group. The cost of transportation for the trip is $250. The cost of the concert ticket is $50. What is the opportunity cost of Tammie’s trip to the concert?
Economics - Financial Markets
chestercat
  • chestercat
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dmndlife24
  • dmndlife24
Well, just add up all the loses... $300 = what Tammie will lose without pay $250 = transportation for the trip $50 = concert ticket price $150 + $150 + $250 + $50 = $600 So the opportunity cost of Tammie's trip to the concert is 600 dollars.

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