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 is the cost of foregone opportunities that a consumer has given up when they choose to buy a particular good or service. Time is a valuable resource, and when a consumer spends time comparing prices, they are giving up the opportunity to use that time for other activities such as leisure, work, or socializing. Therefore, time spent comparing prices is the best example of a personal opportunity cost associated with a consumer purchase. The other options, such as enjoyment derived from owning an item, discount received for paying cash, money spent by stores on advertising, or efforts by the government to prevent consumer fraud, do not represent a personal opportunity cost.

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