Figure 1.3

-If you have a choice of consuming either two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:

Name: Figure 1.3 -If you have a choice of consuming either two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
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Question

Figure 1.3
 
-If you have a choice of consuming either two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:

Quizplus · Accepted Answer

The opportunity cost of choosing one option over others is the value of the next best alternative foregone. In this case, it's either two apples or three oranges, depending on which of those options you value more.

Figure 1.3 -If You Have a Choice of Consuming Either Two Apples