Multiple Choice
Suppose you had $1,000 to spend.You choose to spend the money on new clothes rather than on a new surfboard,your second choice or 1,000 lottery tickets,your third choice.
A) Your opportunity cost of spending the money on clothes is the $1,000 spent.
B) Your opportunity cost of spending the money on clothes is not buying the surfboard.
C) Your opportunity cost of spending the money on clothes is not buying the surfboard and the lottery tickets.
D) There is no opportunity cost in this instance.
Correct Answer:
Verified
Correct Answer:
Verified
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