ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bill must decide between using the $20 he has on hand to either go to the movies with his best friend, Nate, or buy a gift for the girl he likes, Sarah. If Bill decides that the marginal benefit he would get from buying Sarah the gift is greater than the marginal cost, the rational economic choice for Bill would be:
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to go to the movies with Nate.
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to buy Sarah a gift.
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to avoid any opportunity cost.
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to save his resources for another time.
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Explanation:
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