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