Trina's Tropical Fish Store sells goldfish for $3 each and angelfish for $9 each. What is the opportunity cost of buying a goldfish?
A)3 angelfish
B)1/3 of an angelfish
C)$9
D)$3

Question

Quizplus · Accepted Answer

The opportunity cost of buying a goldfish is the value of the next best alternative that is given up. In this case, the next best alternative is buying an angelfish. Since an angelfish costs $9, the opportunity cost of buying a goldfish is $9.

Trina's Tropical Fish Store Sells Goldfish for $3 Each and Angelfish