Chat with AI
Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 45
Suppose you had $1,000 to spend. If you spent it on a vacation trip rather than on new clothes, your second choice, or 1,000 lottery tickets, your third choice, what was your opportunity cost of going on a vacation trip?
A) $1,000
B) the vacation trip itself
C) not buying the new clothes
D) not buying the lottery tickets
E) missing out on the $10 million lottery prize
A) $1,000
B) the vacation trip itself
C) not buying the new clothes
D) not buying the lottery tickets
E) missing out on the $10 million lottery prize
Explanation
Verified
Verified
If the individual has $1,000 to spend. I...
Microeconomics 9th Edition by Stephen Slavin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
