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John Gave Margaret a $20,000 Painting for Her Birthday

Question 33

Multiple Choice

John gave Margaret a $20,000 painting for her birthday. Last week, an art dealer offered to buy the painting from Margaret for $25,000. Margaret said no. The opportunity cost of her decision is


A) $5,000.
B) $45,000.
C) $0.
D) $20,000.
E) $25,000.

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