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Figure 1.3 -Shirley Can Choose Between Peanut Butter Pretzels and Caramel Coated

Question 15

Multiple Choice

Figure 1.3
Figure 1.3 -Shirley can choose between peanut butter pretzels and caramel coated popcorn for her evening snack. According to economists, her _____ cost of consuming caramel coated popcorn would be the forgone peanut butter pretzels. A) internal B) opportunity C) average D) transaction E) social
-Shirley can choose between peanut butter pretzels and caramel coated popcorn for her evening snack. According to economists, her _____ cost of consuming caramel coated popcorn would be the forgone peanut butter pretzels.


A) internal
B) opportunity
C) average
D) transaction
E) social

Correct Answer:

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