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frozen [14]
3 years ago
10

You can spend $100 on either a new economics textbook or a new tablet computer. If you choose to buy the new economics textbook,

the opportunity cost is:
Select one:
a. your enjoyment of the new tablet computer.
b. both the $100 and the your enjoyment of the new tablet computer.
c. $100.
d. impossible to determine.
Business
1 answer:
Keith_Richards [23]3 years ago
3 0

Answer:

The correct answer is a. your enjoyment of the new tablet computer.

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent <u>the benefits that you misses out </u>on when choosing one alternative over another.  

In this case, the cost of opportunity is enjoy the tablet computer because that is what you left behind.  

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