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What is the opportunity cost of eating the home-cooked meal

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Reference no: EM133538666

Problem

The $15 Kelly's Big Burger gift card that your friend gave you for your birthday expires today. You can either use the gift card to buy yourself dinner at Kelly's Big Burger, or you can stay home and eat a delicious home-cooked meal.

What is the opportunity cost of eating the home-cooked meal?

The value of a $15 meal at Kelly's Big Burger.
The value of the ingredients that go into the home-cooked meal, and the value of a $15 meal at Kelly's Big Burger.
There is no opportunity cost since you did not pay for the gift card.
The time it takes to eat your home-cooked meal, and the value of a $15 meal at Kelly's Big Burger
The value of the ingredients that go into the home-cooked meal.

Reference no: EM133538666

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