Answer :
The choice of taking a day off instead of going to the workplace is an example of opportunity cost.
What is the cost?
Cost is the price that an individual is paid for acquiring a product or service from a market.
Opportunity cost is the cost of choosing the next best choice while making a decision about anything. In the provided situation, it is an example of an opportunity cost where the next best choice, that is, working in a job is compromised for taking a day off.
Therefore, the choice of not going to the job and taking a day off is an example of an opportunity cost.
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