What is the opportunity cost of seeing a movie, Macroeconomics

What is the opportunity cost of seeing a movie

Problem

1) Explain the concept of Opportunity Cost arising from the central economic problem of scarce resources and unlimited wants.

2) What is the opportunity cost of seeing a movie?

3) What is the marginal benefit of seeing a movie (assuming that you are seeing it with a friend)?

4) How would the marginal benefit change if you were seeing a second movie with a different friend?

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Macroeconomics: What is the opportunity cost of seeing a movie

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Macroeconomics: What is the opportunity cost of seeing a movie

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