Question

Matt and ann both decide to go to a concert with free tickets. we know that

a. neither bears an opportunity cost because the tickets were free.
b. the cost of going to the concert is greater for the one who had more choices to do other things.
c. both bear an opportunity cost since they could have done other things instead of see the concert.
d. both bear the same opportunity cost since they are doing the same thing.

Answer 1

C as time is a cost they chose to spend to attend this concert when they could've used their time more efficiently with other things.