If you come across Rs 20 and decide to spend it on attending a football match, what represents the opportunity cost of going to the game?

Show Answers

Nothing, since the money was found.Rs 20 (as you could have spent it on other items) plus the value of your time spent at the match.Rs 20 (because you might have used it for other purchases) along with the time spent at the game and the expense of dinner bought there.Rs 20 (since it could have been used to buy other things).None of the above.

Explanation

The opportunity cost includes the Rs 20 you could have used elsewhere plus the value of the time you spend attending the game, making option B the correct choice.