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nlexa [21]
3 years ago
9

Which situation best describes an opportunity cost?

History
1 answer:
nevsk [136]3 years ago
6 0

Answer:

B. A store that buys a shipment of computers can't afford to buy any new phones.

Explanation:

Opportunity cost is the cost of the forgone alternative when a choice is made.

In this case, the store made a choice between buying a ship of computers, or buying new phones. It cannot do both because the firm has limited resources.

The store chose to buy the computers instead of the phones. The economic benefits that it could have obtained from buying the phones represent the opportunity cost for this firm.

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Based on geographical perspective, geography affected the outcome of the Battle of Gettysburg as the "<u>Union troops occupied higher ground, making it difficult for Confederate troops attack."</u>

<h3>Battle of Gettysburg</h3>

The Battle of Gettysburg was one of the most crucial between the Confederates and the Union during the American Civil war.

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<h3>How geography affected the outcome of the Battle of Gettysburg</h3>

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