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Michelle Is Spending the Day at the Mall with Friends

Question 55

Multiple Choice

Michelle is spending the day at the mall with friends.She sees a cute pair of shoes on sale for $40 and is considering her opportunity cost of buying them.She will likely:


A) have an easier time valuing the benefit of the shoes than the opportunity cost.
B) have an easier time valuing the opportunity cost of the shoes than their benefit.
C) not buy them since she can think of thousands of other ways to spend the $40.
D) buy them and lose surplus.

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