Tara earns $8.50 an hour (after taxes) at the pizza place. She is scheduled to work four hours this afternoon. However, her friend Kayla called and asked her if she wants to go to the movie. A ticket to the movie costs $9.50. In addition, she always spends about $7 on snacks. Which of the following statement are true? Select all that apply.

1. Tara's opportunity cost if she goes to work instead of the movie is $34.
2. Kayla's opportunity cost to go to the movie is $9.50.
3. There is no opportunity cost for Tara to go to the movie.
4. Tara's total cost of attending the movie is $50.5
5. Tara's opportunity cost if she goes to the movie instead of working is $34

The true statements about the given question are:

Opportunity cost is the loss of possible gain from other choices of options of a decision when an option choice is made, in other words, it the something an individual gives up for a particular choice of item or decision.

In this case,

Thus, the correct answer is options 2, 4 and 5.

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From the options given, the true statements include:

Second option

Fourth option

Fifth option

= ($8.50 × 4) + $9.50 + $7 = $50.5.

Therefore, the total cost of Tara attending the movie will be $50.5.

= $8.50 × 4

= $34

In conclusion, the correct options are options 2, 4 and 5.

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