Carl is considering attending

a concert with a ticket price of $35. He estimates that the cost of driving to the concert and parking there will total an additional $20. In order to attend the concert Carl will have to take time from his part time job or forgo studying for an exam scheduled for the next morning. He estimates that he will lose 5 hours at work, at a wage of $6 per hour or 5 hours of study time. If Carl considers studying the best alternative use of his time, his opportunity cost of attending the concert equals___:

a) 55
b) $55 plus the value of the higher exam grade he could be studying for 5 hours
c) $85 plus the value of the higher exam grade he could be studying for 5 hours
d) $85 minus the value of the higher exam grade he could be studying for 5 hours

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