If Sally purchases a particular compact disk,it is because the opportunity cost is higher than it would be for any other compact disk.

Question

Quizplus · Accepted Answer

This statement is false. Sally may purchase a particular compact disk because it is her favorite artist or album, for sentimental reasons, or for any other personal preference. The concept of opportunity cost implies that there is a cost to every decision made, but it does not necessarily mean that the choice made is always the one with the highest opportunity cost.

If Sally Purchases a Particular Compact Disk,it Is Because the Opportunity