Lauren makes $150 per day as a bank teller. She takes two days off work without pay, to fly to another city to attend the concert of her favorite band. The cost of transportation and lodging for the trip is $250. The cost of the concert ticket is $50. The total opportunity cost of Lauren's decision to attend the concert is:

You are a professor of economics at a university.? you've been offered the position of serving as department? head, which comes with an annual salary that is ? $5 comma 500 higher than your current salary.? however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your? family, which has value of ? $10 per hour.