Multiple Choice
Meridith had only $16 to spend this last weekend.She was,at first,uncertain about whether to go to two movies she had been wishing to see or to buy a new CD she had recently heard.In the end she went to the movies.Which of the following statements is correct?
A) The choice of the two movies and not the CD is an example of increasing costs.
B) The opportunity cost of the two movies is one CD.
C) The opportunity cost of the two movies is $16.
D) The choice of two movies rather than one CD was a bad one.
Correct Answer:
Verified
Correct Answer:
Verified
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