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Anna11 [10]
3 years ago
9

Carlos is trying to decide among a hamburger, a hotdog, or a salad. He chooses the hamburger. Any value given up by not choosing

the hotdog or the salad is called the __.
Trade-off
Opportunity cost
Marginal benefit
Social Studies
1 answer:
Thepotemich [5.8K]3 years ago
4 0
It is the trade off.
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In microeconomics, in the snob effect, the demand for some goods that are considered expensive are more demanded. If people that have the money to spend of something assumes that the price of the product is cheap, these people think that the product has low quality. But if the same product is expensive, they consider that the product has quality and is well worth it. That is why, in the case of the college, when the price of tuition increased, people started to trust again in the school and the dorms were full.

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