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:
A)$100.
B)your enjoyment of the new tablet computer.
C)both the $100 and your enjoyment of the new tablet computer.
D)impossible to determine.

Question

Quizplus · Accepted Answer

The opportunity cost of choosing the economics textbook is the value of the next best alternative, which is the enjoyment of the new tablet computer. Therefore, the best choice would depend on the individual's preferences and priorities. If having the latest technology and being able to use a tablet is important, then choosing the tablet would be the best option. If learning about economics and improving one's knowledge is a priority, then choosing the textbook would be the best option.

You Can Spend $100 on Either a New Economics Textbook