Answer :
The opportunity cost for Ben was going to the movies. Since he chose to go to the arcade instead. (Option A)
The opportunity cost for Ben was going to the movies. By choosing to go to the arcade, he gave up the opportunity to watch a movie. The concept of opportunity cost refers to the value of the next best alternative that is forgone when making a choice. In this case, the opportunity cost is the enjoyment and experience of watching a movie that Ben could have had if he had chosen to go to the movies instead of the arcade. By choosing the arcade, Ben prioritized playing games over watching a movie, indicating that he perceived greater value or preference in that activity.
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The opportunity cost of Ben going to the arcade is the movies.
Opportunity cost refers to the highest-valued alternative opportunity that must be relinquished to undertake another action. Opportunity cost is a term that refers to the value of the best alternative forgone when making a decision between two alternatives. It is the cost of the foregone product. The opportunity cost of a decision to use resources in one way or another is always the highest-valued alternative use of those resources that were given up. Opportunity cost refers to the value of the best alternative forgone when making a decision between two alternatives. In the scenario described in the question, Ben had a choice of two activities: going to the movies or the arcade. Ben chose to go to the arcade, thus the opportunity cost is the value of the best alternative forgone, which is the movies. Therefore, the opportunity cost of Ben going to the arcade is the movies.
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