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 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 purchasing the sun hat and towel includes the items Maria could have purchased instead with the money she spent.

Since the sun hat costs $8.00 and the beach towel costs $7.00, Maria spends a total of $15.00.

Given that she had $20.00, after buying the sun hat and towel, she would still have $5.00 left.

The opportunity cost therefore includes any other items she could have purchased with that $15.00 instead of the sun hat and towel.

The relevant opportunity costs would be:

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

Ultimately, since Maria cannot buy the bathing suit or the magazines if she chooses the sun hat and towel, the opportunity costs are:

• the magazines
• the bathing suit

So the correct responses are:

• the magazines
• the bathing suit