A woman playing a quiz game starts with no money, but correctly answers the question that is worth $4000. The next question is worth $10 000 but if she answers incorrectly she will leave the game with no money.What is her opportunity cost of choosing to answer the $10000 question if her answer is incorrect?

OPPORTUNITY COST

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	nothing
B	$4000
C	$6000
D	$10 000

Explanation:

Detailed explanation-1: -On the Quiz Details page, press the show answers button to see answers. Options with a green dot imply the correct answer.

Detailed explanation-2: -Drag and Drop, Drop Down, Match, Reorder, Math Response, Audio, and Video Response question types are available on the Quizizz Individual (Super), and Quizizz School and District Plans.

Detailed explanation-3: -Opportunity cost is defined as the cost of the next best alternative foregone. It represents the sacrifices that people must make due to the scarcity of resources.

Detailed explanation-4: -What is the self assessment? This powerful mechanism contributes to the student’s judgment and reflection about their parents and their family. This powerful mechanism contributes to the student’s judgment and reflection about their classmates and improve their class.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST