Question

You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero. True or False?

Answer 1

If we buy a ticket $100 to a theme park and with this ticket we can ride as many rides as we want. So for extra ride there is no extra cost is involved. So opportunity cost of going on each ride will be zero. It is true.

We know the opportunity cost is the cost of using alternative. As there is no cost involved in each ride the opportunity cost will obviously zero. If there be cost involved for each riding then we could have think about choices. As there is no cost of extra riding the opportunity cost will be always zero. If there be limit in ride for a ticket then we could have opportunity cost. As there is as many as ride we can take with a single ticket there will be no opportunity cost for extra ride.