Multiple Choice
Use the information below to answer the following questions.
Fact 1.4.1 Costco
When Costco opened a gas bar just off Highway 401, the neighbourhood was swamped with cars as drivers lined up to get the discount of 10 cents a litre.
-Refer to Fact 1.4.1. The opportunity cost of a litre of gas is
A) the time that you would have spent doing something other than lining up to buy a litre of gasoline.
B) the amount of money that a consumer saves by buying gasoline at Costco.
C) the 10 cent discount on a litre of gasoline.
D) the pleasure that motorists receive from buying cheaper gasoline.
E) zero if you drive an electric car.
Correct Answer:

Verified
Correct Answer:
Verified
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