ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Suppose you have a $20 iTunes gift card with which you can buy (download) songs or videos. Songs cost $1.00 each and videos cost $2.00 each. What is the opportunity cost of one video?
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It is constant and equal to 1/2 song
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It is constant and equal to 2 songs
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It is $1.00
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An increases in cost as more videos are purchased
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Explanation:
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