Judy would like to enjoy freshly grown vegetables from her own garden but also wants her daughter to enjoy summers with a swimming pool in the backyard.Despite having a green thumb,she chooses to use her extra land for a swimming pool.The opportunity cost of the swimming pool is:

Question

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The opportunity cost of a decision is the next best alternative that has to be given up. In this case, the opportunity cost of building a swimming pool is the value that Judy places on having her own garden. As a person with a green thumb, Judy could have grown vegetables in her extra land, which would have given her the satisfaction of having fresh vegetables from her own garden. However, she had to give up this option in favor of the swimming pool. The cost of building and maintaining the pool (option A), the value of watching her daughter grow up enjoying a swimming pool (option C), and the savings gained by not having to pay for fertilizer and vegetable plants (option D) are not relevant to the opportunity cost of the decision.

Judy Would Like to Enjoy Freshly Grown Vegetables from Her