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 choosing option C when you really wanted option B?

A) $100
B) $25 in terms of C.
C) $50 in terms in terms of B
D) the total value of all the options taken together
E) the value of none of options if B were chosen

Correct Answer:

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