Maurice receives $100 as a birthday gift.In deciding how to spend the money,he narrows his options down to four choices: A,B,C,and D.Each option costs $100,but Maurice values each option differently.Finally,he decides on B.What is the opportunity cost of B?
A) the value to him of the option he would have chosen if B was not available
B) the value to him of options A, C, and D combined
C) $300
D) $100
Correct Answer:
Verified
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