Economics - Introduction to Economics - Opportunity cost - Understanding Opportunity Cost

A worked example showing opportunity cost calculation. Scenario: 'Priya has $50 and 3 hours on Saturday. She can: A) Go to a movie ($15, 3 hours), B) Work at her part-time job ($15/hour × 3 = $45 earned), C) Study for exam (free, might improve grades).' Step 1: 'If Priya chooses the movie, what's he