Multiple Choice
Jamie has enough money to buy either a Mountain Dew,a Pepsi,or a bag of chips.He chooses to buy the Mountain Dew.The opportunity cost of the Mountain Dew is
A) the Pepsi or the bag of chips,whichever is the highest-valued alternative forgone.
B) zero because he enjoys the Mountain Dew.
C) the Pepsi and the bag of chips.
D) the Mountain Dew.
E) the Pepsi,because it is a drink as is the Mountain Dew.
Correct Answer:
Verified
Correct Answer:
Verified
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