The opportunity cost of a hot dog in terms of hamburgers is

Name: The opportunity cost of a hot dog in terms of hamburgers is
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The opportunity cost of a hot dog in terms of hamburgers is the ratio of the money price of a hot dog to the money price of a hamburger. This is because the opportunity cost measures the value of the next best alternative forgone, which in this case is the number of hamburgers that could have been purchased instead of the hot dog given the same amount of money.

The Opportunity Cost of a Hot Dog in Terms of Hamburgers