Business

Jenna Burke

25 November, 08:19

Jerry has $50 to spend at the electronics store. He sees two movies that he wants that are $15 each. There is also a video game that he wants that costs $45. Which statement best describes the opportunity costs and benefits of buying the movies? Select the best answer from the choices provided.

The opportunity cost is $30; the benefit is the hours of entertainment from the movies.

The opportunity cost is that he cannot afford the game; the benefit is that he saved $45.

The opportunity cost is $30; the benefit is that he still has $20.

The opportunity cost is that he cannot afford the game; the benefit is that he has the two movies.