Q8. What is the opportunity cost of seeing a movie?
The cost of something is what you give up to get it. Because people face trade-offs, making decisions requires comparing the costs and benefits of alternative courses of action. in many cases, however, the cost of an action is not as obvious as it might first appear. Opportunity cost is what ever must be given up to obtain some item. therefore the opportunity cost of seeing a movie is place to sleep, food to eat, time working at a job.