While buying refreshments for an upcoming party, you notice that a six-pack of Americana Beer costs $2 and a six-pack of Bavarian Beer costs $4. You buy the six-pack of Bavarian Beer, although you wonder if maybe two six-packs of Americana Beer would have been a better choice. The opportunity cost of the Bavarian Beer is

two six-packs of Americana Beer T/F

Question

Mathematics

Addyson George

19 July, 20:05

While buying refreshments for an upcoming party, you notice that a six-pack of Americana Beer costs $2 and a six-pack of Bavarian Beer costs $4. You buy the six-pack of Bavarian Beer, although you wonder if maybe two six-packs of Americana Beer would have been a better choice. The opportunity cost of the Bavarian Beer is

two six-packs of Americana Beer T/F

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Answers (1)

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Leyla Mathis · Answer 1

Answer: True

Step-by-step explanation: Opportunity cost is defined as the value of the best alternative given up in making a choice.

From the above question, the opportunity cost of buying two six pack of Bavarian beer is the two six pack of American beer that was not bought.