You are at an all-you-can-eat-buffet.You feel almost full.However they just brought out your favorite dessert and you can either choose to eat that or a helping of tapioca pudding.If you choose the cupcakes,the pudding would be your

Question

Quizplus · Accepted Answer

The opportunity cost is the value of the best alternative forgone in making a decision. In this scenario, the opportunity cost of choosing the cupcakes is the tapioca pudding. Therefore, the best choice would be to weigh the satisfaction obtained from each dessert and choose accordingly, considering the opportunity cost.

You Are at an All-You-Can-Eat-Buffet