Jimmy is very excited about the costume party with a 1990s theme.He is planning to dress up as MC Hammer but is also considering going as a lifeguard from Baywatch.His opportunity cost of arriving dressed like MC Hammer is:
A) the cost of parachute pants that MC Hammer would wear.
B) the savings from not purchasing red swimming trunks.
C) giving up the alternative of dressing like a lifeguard.
D) there is no opportunity cost because he attended the party either way.
Correct Answer:
Verified
Q41: Purchasing a smart phone data plan,premium movie
Q42: Your sister always brags about how savvy
Q43: Trade-offs are:
A) associated with every decision.
B) do
Q44: The only rental house available at your
Q45: The Federal Drug Administration slows the pace
Q47: A local fast-food restaurant mails out coupons
Q48: Opportunity Cost:
A) only includes explicit, out of
Q49: After purchasing a coffee cup from your
Q50: Saturday afternoon you can either attend a
Q51: You are shopping at the local mall
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