sam has two options this weekend. he could work at his job and earn $10.00 per hour for three hours, or he…

sam has two options this weekend. he could work at his job and earn $10.00 per hour for three hours, or he could go to a sporting event for that three hours. a ticket for the event costs $30. if you include the opportunity cost, how much did the event cost sam? $

sam has two options this weekend. he could work at his job and earn $10.00 per hour for three hours, or he could go to a sporting event for that three hours. a ticket for the event costs $30. if you include the opportunity cost, how much did the event cost sam? $

Answer

Explanation:

Step1: Calculate earnings from work

Earnings = Hourly rate × Hours = $10 × 3 = $30

Step2: Calculate total cost of event (including opportunity cost)

Total cost = Ticket cost + Opportunity cost (earnings forgone) = $30 + $30 = $60

Answer:

60