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 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost of option C?

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 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost of option C?

Quizplus · Accepted Answer

The opportunity cost of option C is the value of the next best option that is being given up if C were chosen. In this case, the next best option is option B, which has a value of $25. Therefore, the opportunity cost of choosing option C is $25 in terms of B. To make the best choice, we would need to consider the value of all the options and compare them to our needs and preferences, as well as any other factors that may come into play. Without further information, it is not possible to determine the best choice.

Table 22 -Refer to 2