Bonnie has enough money to either buy a used car or to pay for an international marketing class that will spend three weeks visiting companies in Europe.She needs the car to get to work and to class,but she is also planning on a career in international marketing,and the trip would allow her to start networking.She will incur ________ whether she buys the car or takes the class.

Question

Quizplus · Accepted Answer

The cost of choosing one option over the other is the opportunity cost. In this case, if Bonnie chooses to buy the car, she will give up the opportunity to network in Europe and potentially miss out on valuable career connections. On the other hand, if she chooses to go on the trip, she will have to find alternative transportation to get to work and class, but she will gain valuable experiences and connections for her career. Therefore, the best choice depends on Bonnie's priorities and goals.

Bonnie Has Enough Money to Either Buy a Used Car