Jenny is working and saving money for college in the fall. She registers for college and realizes she will have some extra money
. Jenny decides to treat herself. She really wants an iPad and a new HDTV. Although Jenny wants both, she can only afford one, so she decides to buy the iPad. Which of the following is the opportunity cost of purchasing the iPad? a A job b College c HDTV d The iPad
A job can help you pay the bills, etc and can help develop good character and other attributes and life lessons. College can help you in multiple ways for preparing you and in finding which path is being taken towards your future. The IPad can help you with many things such as wanting to take a break and listen to music, or it can be used in a more efficient way by allowing you to research and study, which would become helpful if you are planning to go to college. The HGTV is kinda pointless, for you can just watch something on your IPad or do much more on it for it has multiple functions. You could use the money for something way more important or useful. Therefore, the HGTV is the opportunity cost.
<span>D. the poverty threshold. This differs based on geography (certain areas of the country are more expensive to live in than others) and family size.</span>
