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An Ice Cream Cone Costs $1

Question 8

Multiple Choice

An ice cream cone costs $1.50. A can of soda costs $0.75. The relative price of an ice cream cone is


A) 2 cans of soda per soda, the opportunity cost of an ice cream cone.
B) $0.75, the opportunity cost of a can of soda.
C) 1/2 can of soda per ice cream cone, the opportunity cost of an ice cream cone.
D) $1.50, the opportunity cost of a can of soda.

Correct Answer:

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