Evaluate your enjoyment in equivalent dollar value

Reference no: EM132314796

Opportunity costs

On a Friday night, you face a decision to choose what to do among the 4 actions (assuming you evaluate your enjoyment in equivalent dollar value)

- You have a part time job at a local restaurant from which you earn $120

- You go to the movie, which costs $15, and you value your enjoyment of the movie $190

- You do your homework and prepare for exam, which will bring the satisfaction equivalent to $180.

- You play video game and enjoy it as much as $150

Fill in the blanks

Actions	Net Benefits	Opportunity costs
Work at restaurant
Go to movies
Do HW
Game

Reference no: EM132314796

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