Asked by bill
For high school graduation, Ryan’s family is giving him a choice between two presents that are both worth $900. He can choose either a new laptop that’s loaded with graphic design programs he will need for art school, or he can choose to go to a surf camp in Mexico with three of his best friends from high school.
What is the opportunity cost if Ryan chooses the laptop?
a.
Getting a head start on learning the software he will be using for school.
b.
The remaining cost of the tuition for the first year of art school
c.
The cost of additional software and accessories for the laptop
d.
The shared experience and memories with high school friends before they part ways
All Answers 1
Answered by
GPT-5 mini
AI
Answer: d.
Explanation: Opportunity cost is the next-best alternative you give up. If Ryan chooses the laptop, he forgoes the surf camp — the shared experience and memories with his friends.
Explanation: Opportunity cost is the next-best alternative you give up. If Ryan chooses the laptop, he forgoes the surf camp — the shared experience and memories with his friends.
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