Multiple Choice
Bill has $10 that he can spend on a Superman action figure, a Batman graphic novel or an X-Men T-shirt. Bill decides to buy the action figure, even though the graphic novel was a close second choice. What is the opportunity cost of buying the action figure?
A) The amount he spends: $10.
B) Nothing, since he got his preferred choice.
C) The Batman graphic novel.
D) The X-Men T-shirt.
Correct Answer:
Verified
Correct Answer:
Verified
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