Asked by
Cyril Jay Malana
on Oct 27, 2024Verified
The student center on campus has burritos,bagels,or burgers for lunch,and they all cost the same.You decide to have a burger today,but if they were out of burgers,you would have bought a bagel.Your opportunity cost of buying a burger is your enjoyment of the:
A) burger.
B) bagel.
C) burrito.
D) bagel and the burrito.
Opportunity Cost
The value of the best alternative forgone when a decision is made.
Burritos
A Mexican dish consisting of a wheat flour tortilla wrapped or folded around a filling, often including beans, rice, meat, and vegetables.
Bagels
Doughnut-shaped bread rolls that are boiled before being baked, often topped with seeds or filled with various ingredients.
- Master the concept of opportunity cost and its use in assorted decision-making situations.
Verified Answer
MT
Learning Objectives
- Master the concept of opportunity cost and its use in assorted decision-making situations.