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It is 1:00 pm. Tim has waited for an hour in line to get a free Starbucks coffee. This has cost Tim $50.00 in lost

It is 1:00 pm. Tim has waited for an hour in line to get a free Starbucks coffee. This has cost Tim $50.00 in lost wages for the hour of work he missed. He is told by the barista that it will take 30 minutes to get his coffee, which translates to $25.00 in lost wages. 


Considering this scenario from a cost perspective, this story contains examples of which type of cost(s)? Explain.

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