Table 22 -Refer to 2

Table 2.2
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \\\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \\\hline\end{array}$$
-Refer to 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost of option C?

A) $100
B) $25 in terms of C
C) $25 in terms in terms of B
D) The total value of all the options taken together
E) The value of the option given up if C were not chosen

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free