The student center on campus has burritos,bagels,or burgers for lunch,and they all cost the same.You decide to have a burger today,but if they were out of burgers,you would have bought a bagel.Your opportunity cost of buying a burger is your enjoyment of the:
A)burger.
B)bagel.
C)burrito.
D)bagel and the burrito.

Question

Quizplus · Accepted Answer

The opportunity cost of buying a burger is the enjoyment of the next best alternative, which in this case is the bagel. Therefore, if the burgers were sold out, the opportunity cost of not being able to enjoy a burger would be the enjoyment of the bagel.

The Student Center on Campus Has Burritos,bagels,or Burgers for Lunch,and