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Kamryn is deciding between three potential activities on Saturday evening: Staying at home and watching her favorite television show, an activity that she values at
Kamryn is deciding between three potential activities on Saturday evening:
Staying at home and watching her favorite television show, an activity that she values at $ and that entails no outofpocket costs.
Going to the movies with her sister to see the latest blockbuster action film, an activity she values at $ and that entails $ in outofpocket costs.
Going out to dinner with her best friend, an activity she values at $ and that entails $ in outofpocket costs.
a Which activity should Kamryn choose?
Staying at horke and watching her favorite show.
Going out to dinner with her best friend.
Going to the movies with her sister.
b What is Kamryn's opportunity cost of going to the movies?
Instructions: If you are entering a negative number, be sure to include a negative sign
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