Ask Question
29 April, 14:24

You are shopping at the local mall with an $80 gift certificate. Only three items catch your attention. The items include a Justin Bieber sheet set, a remote control helicopter, and an "Amazing Ab Belt." You would be willing to give up $60 for the sheets, $70 for the belt, and $80 for the helicopter. Knowing this, you decide to purchase the helicopter. The opportunity cost of the helicopter was:

+4
Answers (1)
  1. 29 April, 17:20
    0
    The opportunity cost is enjoy the belt of $70.

    Explanation:

    The cost of opportunity is the best alternative that you sacrifice when you choose an option. It represent the benefits that you misses out on when choosing one alternative over another.

    In this case, the opportunity cost is enjoy the belt of $70.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You are shopping at the local mall with an $80 gift certificate. Only three items catch your attention. The items include a Justin Bieber ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in