A consumer must decide between purchasing a new cell phone or renting a new car. Why might determining the opportunity cost be uncertain?(1 point)
Responses
The price of the cell phone or car rental might change.
The price of the cell phone or car rental might change.
The benefit of each choice is not easily quantified, so the comparison can be vague.
The benefit of each choice is not easily quantified, so the comparison can be vague.
There is no uncertainty because the consumer has all the required information.
There is no uncertainty because the consumer has all the required information.
The cost to the producer for making the items is not known to the consumer.
The cost to the producer for making the items is not known to the consumer.
1 answer
The potential resale value of the cell phone or the cost of potential damage to the rental car is unknown.
1 answer