Here Are Three Things You Could Do If You Do

Here are three things you could do if you do not attend your neighbor's barbecue: watch television with some friends (you value this at $17) ,read a good novel (you value this at $14) ,or go in to work (you could earn $16 during the barbecue) .The opportunity cost of going to your neighbor's barbecue is

A) $16, because this is the only alternative of the three where you actually receive a monetary payment.
B) $14, because this is the lowest valued alternative forfeited.
C) $17, because this is the highest valued alternative forfeited.
D) $47, because this is the total dollar sum of the alternatives forfeited.

Correct Answer:

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