Question 1184795
Peter works $12 per hour, and has a 25 hour work week.
 If he decides to go on a trip with some friends (cost of the trip is $350.)instead of reporting to work, what is the opportunity cost of peter’s decision
:
Assuming he is gone a week on his trip, the cost of his decision is
25(12) + 350 = $650, the wages he lost, plus the cost of the trip