Misty has the option of purchasing one of three products: Brand A, Brand B or Brand C. Each costs ten dollars. If she decides that Brand A meets her needs best, then the opportunity cost of this decision is
A) Brand A.
B) Brand B plus Brand C.
C) twenty dollars.
D) Brand B or Brand C, depending on which is considered the highest- value alternative forgone.
Correct Answer:
Verified
Q9: All economic questions arise because we
A) want
Q13: An inducement to take a particular action
Q18: Q19: The loss of the highest- valued alternative Q20: Which of the following is a normative Q21: Which of the following is a macroeconomic Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()