This question is awfully vague without any images of the equation to back it up, sorry
10.6 I think might be wrong
He would b spending 4/10 of the money on comic books
Answer:
a) nothing and 30 dollars.
Step-by-step explanation:
Opportunity cost usually arises when faced with choices or alternatives such that one has to be chosen, while the other is forgone. The benefits forgone by choosing a certain option of the available choices is called opportunity cost.
Given that :
Option A requires $20 payment
Option B requires $50 payment
Opportunity cost of choosing A = nothing (since payment required for the other alternative is higher than the chosen option)
Opportunity cost of Choosing B = ($50 - $20) = $30 (By choosing option B over option A, $30 was forgone as the other option (option A requires $30 lesser payment)
