Discussion 4658

Using the example I just gave, assume you earn $15 an hour at work and a ticket to a 2-hour movie is $10.  If you take 2 hours off work to go to the movie, your opportunity cost of going to the movie is $10 (ticket cost) - (-$30) (lost wages) = $40. In this case, subtracting the negative cost of the foregone choice resulted in an additional positive cost.

Question:

Discuss the opportunity costs of your visiting the emergency room. Calculate (in $$$) youropportunity costs of health care.