Multiple Choice
Gwen had only $10 yesterday.She was uncertain whether to go out for lunch or to buy beer.In the end,she bought beer.Which of the following statements is correct?
A) The choice of the beer and not lunch is an example of constant costs.
B) The cost of buying beer is less than lunch.
C) The opportunity cost of beer is lunch.
D) The opportunity cost of beer is $10.
Correct Answer:
Verified
Correct Answer:
Verified
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