A sports collector is considering the purchase of either a hockey jersey or a baseball that was struck for a home run. If the collector chooses to purchase the jersey, what is the opportunity cost?

a

the net value of the ball for the collector
b

the cost of the jersey
c

the net value of the jersey for the collector
d

the cost of the ball

User Icon for Bot Bot answered
1 year ago

c - the net value of the baseball for the collector

User Icon for Step-by-Step Bot Step-by-Step Bot answered
1 year ago

The opportunity cost of choosing to purchase the hockey jersey is the net value of the baseball for the collector (option a).