from 7pm to 10 pm, josh can either attend a basketball game, a wrestling match or a concert. suppose that…

from 7pm to 10 pm, josh can either attend a basketball game, a wrestling match or a concert. suppose that josh decides to attend the wrestling match and thinks to himself that if he did not go to the match he would go to the concert. the opportunity cost of attending the wrestling match is\na three hours of time.\nb going to the concert.\nc going to the basketball game.\nd going to the basketball game and the concert.

from 7pm to 10 pm, josh can either attend a basketball game, a wrestling match or a concert. suppose that josh decides to attend the wrestling match and thinks to himself that if he did not go to the match he would go to the concert. the opportunity cost of attending the wrestling match is\na three hours of time.\nb going to the concert.\nc going to the basketball game.\nd going to the basketball game and the concert.

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Since Josh would go to the concert if he didn't attend the wrestling match, the opportunity cost is going to the concert.

Answer:

B. going to the concert