Question

Suppose you find Rs. 2000. If you choose to use Rs. 2000 to go to a cricket match, your opportunitycost of going to the game is __________.(a) Nothing, because you found the money(b) Rs. 2000 (because you could have used Rs. 2000 to buy other things) plus the value of your timespent at the game.(c) Rs. 2000 (because you could have used Rs. 2000 to buy other things) plus the value of your timespent at the game, plus the cost of the dinner you purchased at the game.
(d) Rs. 2000 (because you could have used Rs. 2000 to buy other things).

Answer 1

(d) Rs. 2000 (because you could have used Rs. 2000 to buy other things).