document.write( "Question 1169074: Janice decided to go to the basketball game on Thursday night instead of working at the
\n" ); document.write( "restaurant. What is her opportunity cost for this decision assuming she spent $24 in gas
\n" ); document.write( "driving to the away game and $8 at the concession stand? Janice normally works 5 hours
\n" ); document.write( "at the restaurant and makes $7 an hour plus tips. Her tips typically run about $35 on a
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Algebra.Com's Answer #793727 by math_tutor2020(3817)\"\" \"About 
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\n" ); document.write( "Opportunity cost is the value of what you give up when you make a decision. In this case, Janice's opportunity cost is the amount of money she would have earned if she worked instead of going to the basketball game.\r
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\n" ); document.write( "\n" ); document.write( "She normally works 5 hours and makes $7 an hour, so she would have made 5*7 = 35 dollars
\n" ); document.write( "Adding on the tips means she would have made 35+35 = 70 dollars.\r
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\n" ); document.write( "\n" ); document.write( "Answer: Opportunity cost = 70 dollars\r
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\n" ); document.write( "\n" ); document.write( "Note: the other values don't factor into the opportunity cost since we only focus on what Janice would give up when she makes a certain decision.
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