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.

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
5 months ago

b The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.