You Own a Car and Are Trying to Decide Whether

Multiple Choice

You own a car and are trying to decide whether to trade it in and buy a new car.Which of the following costs is an opportunity cost in this situation?

A) The trip to Europe that you will not be able to take if you buy the car
B) The cost of the car you are trading in
C) The cost of toothpaste and soap that you need for the next few months
D) The cost of your meals for the last week