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Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal
Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal amount of money to go to a movie. Her opportunity cost of going to the beach is
a. the value she places on seeing the movie.
b. only $0 because she would have spent $12 to go to the movie.
c. the value she places on seeing the movie plus the $12 she spent on the umbrella, food and drinks.
d. the $12 she spent on the umbrella, food and drinks.
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