Solved

Sujata Has a Stopover in Iceland and Can Choose One

Question 175

Multiple Choice

Sujata has a stopover in Iceland and can choose one of three tours: visit the thermal springs, hike the glaciers, or view the Northern Lights. If Sujata chooses the Northern Lights, her opportunity cost would be


A) the combined value of visiting the thermal springs and the glaciers.
B) zero as long as the Northern Lights was her top choice.
C) the value of visiting the thermal springs if that was her second choice after the Northern Lights.
D) the value of visiting the thermal springs if that was her last choice among the three tours.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions