Jessica,aged three,decides to dress up like Sleeping Beauty for Halloween.What is her opportunity cost of this decision?
A) the cost of the costume
B) the fact that she can't dress up like Barbie, her second choice
C) zero, because three-year-olds do not have opportunity costs
D) impossible to say, because Jessica does not understand what an opportunity cost is
Correct Answer:
Verified
Q1: Mark quit his job as a salesman
Q2: An unemployed individual decides to spend the
Q3: The opportunity cost of going to college
A)
Q5: Suppose a ticket to a concert costs
Q6: You have an hour between your economics
Q7: The principle that states that the cost
Q8: Nancy and Melissa both have broken light
Q9: Spending money on a fixed budget is
Q10: Five years ago,Tammy always took a big
Q11: You rent a copy of a new
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents