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mixer [17]
3 years ago
5

What is the opportunity cost in this scenario?

SAT
1 answer:
umka2103 [35]3 years ago
3 0

Answer:

SIGHTSEEING

Explanation:

The OPPORTUNITY COST in this scenario will be the amount of $1,000 that has been made available for SIGHTSEEING AND BUYING SOUVENIRS.

Hence, OPPORTUNITY COST is an ALTERNATIVE FORGONE which a person or an individual give up or forgone in order to choose other available alternative when making a decision which inturn may result in the loss of gain that would have been derived if the ALTERNATIVE FORGONE was choosing.

Example of OPPORTUNITY COST is giving up

on buying movies tickets for a textbook.

Therefore the opportunity cost in this scenario is SIGHTSEEING.

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