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

Question
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 all that apply.
(1 point)
Responses

the sun hat
the sun hat

the towel
the towel

the magazines
the magazines

the bathing suit

Answer 1

The opportunity cost of Maria's purchase refers to what she gives up in order to buy the sun hat and the beach towel. If she chooses to buy the sun hat for $8.00 and the beach towel for $7.00, she spends a total of $15.00.

Given that she only has $20.00, she has $5.00 remaining. If she spends her money on the sun hat and towel, she cannot purchase anything else with that money.

The items she is giving up include:

• the magazines ($8.00)
• the bathing suit ($15.00)

Since she can only choose one of those items (since she only has $5 left after her purchase), the opportunity costs of her purchase would be:

• the magazines
• the bathing suit

Therefore, the correct responses are:

• the magazines
• the bathing suit

Answer 2

Only 2

Answer 3

I apologize for the confusion. If Maria decides to purchase the sun hat and towel, the opportunity cost specifically refers to what she cannot buy with the money she spends on those two items.

If she buys the sun hat ($8.00) and the beach towel ($7.00), she spends a total of $15.00. Since she has $20.00, she has $5.00 left and cannot afford the magazines ($8.00) or the bathing suit ($15.00).

Thus, the opportunity cost of purchasing the sun hat and beach towel is:

• the magazines
• the bathing suit

Since you mentioned that there are only two options, you can select:

• the magazines
• the bathing suit

Thank you for your clarification!