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    Calculating the Opportunity Loss

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    Josephine makes $100 a day as a flower shop attendant. She takes off two days of work without pay to travel to another city to attend her sister's wedding. The cost of transportation for the trip is $180 round trip. The cost of her hotel stay is $99 per night and she stays for 2 nights. What is the opportunity cost of Josephine's trip to the wedding? Show your calculations.

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    https://brainmass.com/economics/cost-benefit-analysis/calculating-the-opportunity-loss-575053

    Solution Preview

    Explicit cost includes the actual paid costs. In this case, the ...

    Solution Summary

    The solution depicts the steps to calculate total opportunity cost in the given case.

    $2.19