You want to buy a new cell phone that costs $80 and two new video games that cost $40 each, but you don't have enough money save
d for all of it. Which of the following best describes the opportunity costs involved in your purchase decision? If you buy a new cell phone, your opportunity cost is the money you spend to purchase the phone. If you buy two new games, your opportunity cost is the money you spend to purchase the games. If you buy a new cell phone, your opportunity cost is the time you could spend talking on the phone. If you buy two new games, your opportunity cost is the time you could spend talking on the phone.
The answer is D, If you buy two new games, your opportunity cost is the time you could spend talking on the phone.
Explanation:
The opportunity cost is the opportunity that you did not accept because you decided to get, go, or do something else. In this case the opportunity cost would be the time you could spend on the phone.
Because the inn keepers would stay in their inns along with there family. But if they were wealthy enough and afford a house to they would stay in that house and leave more space for more customers.
<span>They allowed sailors to go on longer voyages and help navigators to map the coastlines. The technological innovations during the time of age of exploration gave a huge advantage to sailors to easily locate and go to their destinations. The technological innovations also gave to way exploration of new techniques in mapping the direction while on the voyage.</span>
