ECONOMICS
OPPORTUNITY COST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Walking into a restaurant a customer has $40 and sees 4 items of interest to him on the menu. In order of his preferences they are1. Rump Steak $352. Spaghetti Carbonara $253. Caesar Salad $204. Surf n Turf $39
|
|
The opportunity cost of chosing the spaghetti carbonara is the value of the caesar salad if the steak is not available
|
|
|
The opportunity cost of the rump steak is $45
|
|
|
The opportunity cost of the rump steak is $25
|
|
|
The opportunity
|
Explanation:
There is 1 question to complete.