An example of opportunity cost
A)is sweets given up by a person who would never eat them even if he or she could.
B)for a professor of economics is the pleasure that he or she derives from teaching economics.
C)is the Chinese food that you gave up when you chose to eat Italian food.
D)is the tuition you pay to attend college.
E)is the price paid for a ticket when you go to the movies.

Question

Quizplus · Accepted Answer

Choosing Italian food means giving up the opportunity to eat Chinese food, so the opportunity cost is the enjoyment of Chinese food that could have been experienced.

An Example of Opportunity Cost