David receives $200 as a birthday gift. In deciding how to spend the money, he narrows his options down to four: A, B, C, and D. The price of each option is $100, but David prefers B to C, C to A, and A to D. What is the opportunity cost of option B?
A) It is David's valuation of C.
B) It is David's valuation of A, C, and D together.
C) It is $200.
D) It is $100.
Correct Answer:
Verified
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