Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a bathing suit for $15.00, a sun hat for $8.00, magazines for $8.00, and a beach towel for $7.00. When she gets to the register, she realizes she only has $20.00 in her pocket.

Question

If Maria decides to purchase the sun hat and towel, what is the opportunity cost of her purchase? Select all that apply.

the sun hat
the sun hat

the towel
the towel

the magazines
the magazines

the bathing suit

Answer 1

None of the above.

Answer 2

not true

Answer 3

I apologize for the oversight. The opportunity cost of purchasing the sun hat and towel would be:

- the magazines
- the bathing suit

This is because Maria is choosing to purchase the sun hat and towel instead of these items, so they represent the opportunity cost of her decision.