Scenario 1-2 Suppose that you have a choice between going to the movies with a friend for two hours or working at your job. If you go to the movies, you will spend $7 on a ticket and $5 on popcorn. If you choose to work, you will earn $10 an hour. 5. Refer to Scenario 1-2. What is your opportunity cost of going to the movies? 6. Refer to Scenario 1-2. What is your opportunity cost of working? 7. Debbie quits her job, which pays $30,000 a year, to finish her college degree. Her annual college expenses are $10,000 for tuition, $2,000 for books, and $700 for food. What is her opportunity cost of attending college for the year? 8. Zack quits his job at a consulting firm, which pays $40,000 a year, to enroll in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-year graduate program? 9. What is another word for “marginal”? 10. The term ______ refers to a small incremental adjustment to an existing plan of action.