It is Saturday, and Peter decides to
attend a soccer league match that costs him R250 for the ticket and takes up two
hours of his time. He is supposed to mow the lawn but decides to hire someone
to do it at R50 per hour while he is at the soccer match. It will take two
hours to mow the lawn.

His opportunity cost to attend the
soccer league match is as follows:

Question

It is Saturday, and Peter decides to
attend a soccer league match that costs him R250 for the ticket and takes up two
hours of his time. He is supposed to mow the lawn but decides to hire someone
to do it at R50 per hour while he is at the soccer match. It will take two
hours to mow the lawn.

His opportunity cost to attend the
soccer league match is as follows:

Answer

R100 that he must pay someone to mow
the lawn

Answer

R350, which is the R250 for the match ticket
and R100 to pay someone to mow the lawn

Answer

R250 for the soccer match ticket

Crowdly

It is Saturday, and Peter decides to attend a soccer league match that costs hi...

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