Billie's Billiard Barn has seen its business slow down ever since Patti's Ping Pong Parlour opened up across the street.Since the opening of Patti's Ping Pong Palace, the opportunity cost of shooting pool at Billie's Billiard Barn has ________ for Billie's customers who also like to play ping pong.

Question

Quizplus · Accepted Answer

The opportunity cost of shooting pool at Billie's Billiard Barn has increased because now customers have a new alternative option of playing ping pong at Patti's Ping Pong Parlour. This means that customers must now consider the benefits and costs of both options and choose which one has the greatest value to them. As a result, the opportunity cost of shooting pool at Billie's has increased as the decision becomes more complex.

Billie's Billiard Barn Has Seen Its Business Slow Down Ever