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. Use the passage to answer the question. If Maria decides to purchase the sun hat and towel, what is the opportunity cost of her purchase? Select the two correct answers. (1 point) Responses The sun hat The sun hat the towel the towel the magazines the magazines the bathing suit

Answer 1

If Maria decides to purchase the sun hat ($8.00) and the beach towel ($7.00), she will spend a total of $15.00. Since she only has $20.00, the opportunity cost of her purchase will be the items she forgoes due to her choice.

The options available for her decision could be the magazines ($8.00) and the bathing suit ($15.00). However, she can only purchase the sun hat and towel with her budget, leaving the following items as opportunity costs:

1. The magazines ($8.00)
2. The bathing suit ($15.00)

So, the correct responses for the opportunity cost of her purchase are:

• The magazines
• The bathing suit

These are the two items Maria is giving up when she chooses to buy the sun hat and beach towel.