Gwen's Decision to Buy a New Television Instead of a Bicycle

Multiple Choice

Gwen's decision to buy a new television instead of a bicycle for the same price

A) means that opportunity cost is zero since both cost the same amount.
B) would not have involved trade-off and opportunity cost if Gwen had decided to put the money in a bank CD instead.
C) would not imply a trade-off because of scarcity if Gwen were a multimillionaire.
D) means that the opportunity cost to Gwen is the bicycle that she has given up.