A consultant who earns $ 100 per hour takes 4 hours off work to go to the movies. The out – of- pocket cost for the cab and the movie ticket are $12. What is the opportunity cost (in $) of going to movie? What is the total cost of the movie to the consultant?

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Q.4. A consultant who earns $ 100 per hour takes 4 hours off work to go to the movies. The out – of- pocket cost for the cab and the movie ticket are $12. What is the opportunity cost (in $) of going to movie? What is the total cost of the movie to the consultant? 

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