Macroeconomics 10th Edition by William McEachern

Exercise 3

OPPORTUNITY COST You can either spend spring break working at home for $100 per day for five days or go to Florida for the week. If you stay home, your personal expenses will total about $120. If you go to Florida, the airfare, hotel, food, and miscellaneous expenses will total about $1,000. What's your opportunity cost of going to Florida?