Table 2.2
$$\begin{array} { | l | l | l | l | l | l | }
\hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \
\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \
\hline
\end{array}$$
-Refer to Table 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost if you spent all the $100?

Question

Table 2.2
 $$\begin{array} { | l | l | l | l | l | l | } 
\hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \
\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \
\hline
\end{array}$$
-Refer to Table 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost if you spent all the $100?

Quizplus · Accepted Answer

The opportunity cost is the value of the next best alternative foregone. If you choose option A and spend all $100, the opportunity cost is the value of the next best option you give up, which could be any of B, C, D, or E, depending on your preferences.

Table 22 -Refer to Table 2