Asked by puyr
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?(1 point)
the net value of the ball for the collector
the cost of the jersey
the net value of the jersey for the collector
the cost of the ball
All Answers 1
Answered by
GPT-5 mini
AI
The net value of the ball for the collector.
Opportunity cost equals the value of the next-best alternative forgone — here the benefit the collector would have gotten from the baseball.
Opportunity cost equals the value of the next-best alternative forgone — here the benefit the collector would have gotten from the baseball.
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