Which one of the following is the best example of a personal opportunity cost associated with a consumer purchase?

Question

Quizplus · Accepted Answer

Personal opportunity cost refers to the value of the next best alternative forgone when making a purchase decision. In this case, time and effort spent comparing prices represents a personal opportunity cost since the time and effort could have been used for other activities or tasks. The other choices listed do not represent personal opportunity costs.

Which One of the Following Is the Best Example of a Personal