The Opportunity Cost of an Airplane Flight:​

Multiple Choice

The opportunity cost of an airplane flight:​

A) ​differs across passengers only to the extent that each traveler pays a different airfare.
B) ​is identical for all passengers and equal to the number of hours a particular flight takes.
C) ​differs across passengers to the extent that both airfares paid and the highest valued use of travel time vary.
D) ​is equal to the cost of a bus ticket, the next best form of alternative transportation to flying.