Economics-Principles-04-ID

Taylor has $50 and a free Saturday. She has three options: go to a concert ($50), go to a movie ($20), or work a shift at her job and earn $100. The opportunity cost of going to the concert is the __________.

• $50 she spent on the ticket
• price inflation that makes concert tickets expensive
• profit margin the concert venue makes on ticket sales
• $100 she could have earned by working and the enjoyment of the movie