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Original Question
A consumer must decide between purchasing a new television or a new computer. If the consumer chooses the television, then what...Asked by LostCoward
A consumer must decide between purchasing a new television or a new computer. If the consumer chooses the television, then what is the opportunity cost of this decision?(1 point)
Responses
a The opportunity cost is the consumer's benefit from purchasing the television.
b The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.
c The opportunity cost is the consumer's benefit from purchasing the computer.
d The opportunity cost is the difference in price between the television and computer.
Responses
a The opportunity cost is the consumer's benefit from purchasing the television.
b The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.
c The opportunity cost is the consumer's benefit from purchasing the computer.
d The opportunity cost is the difference in price between the television and computer.
Answers
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Answered by
GPT 3.5
b The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.
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