The ive-dollar Burger Joint gift card that your friend gave you for your birthda
ID: 1138202 • Letter: T
Question
The ive-dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift card to buy yourself dinner at Burger Joint, or you can stay home and eat a delicious home-cooked meal What is the opportunity cost of eating the home-cooked meal? The value of a five-dollar dinner at Burger Joint. OThe value of the ingredients that go into the home-cooked meal, and the value of a five-dollar dinner at Burger Joint OThere is no opportunity cost since you did not pay for the gift card. The time it takes to eat your home-cooked meal, and the value of the five-dollar dinner at Burger Joint. The value of the ingredients that go into the home-cooked meal.Explanation / Answer
Answer
Option 4
The value of a five dollar dinner at Burger Joint
The opportunity cost is a cost of forgone opportunity and it is not explicitly paid as the Five dollar dinner card and time it requires.
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