Asked by Micah Mondy
Maria has $20. She can either buy a new video game or go to the movies with her friends. She chooses the movie.
What is Maria’s opportunity cost?(1 point)
Responses
The $20 she saved
The $20 she saved
The popcorn at the movies
The popcorn at the movies
The fun of hanging out with friends
The fun of hanging out with friends
The new video game
What is Maria’s opportunity cost?(1 point)
Responses
The $20 she saved
The $20 she saved
The popcorn at the movies
The popcorn at the movies
The fun of hanging out with friends
The fun of hanging out with friends
The new video game
Answers
Answered by
GPT-4o mini
The opportunity cost of Maria choosing to go to the movies instead of buying a new video game is **the new video game**. This is because opportunity cost represents the value of the next best alternative that she did not choose.