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
the bathing suit

Answer 1

To determine the opportunity cost of Maria's purchase, we first need to know how much she plans to spend on the sun hat and beach towel.

The sun hat costs $8.00, and the beach towel costs $7.00, so together they cost:

$8.00 + $7.00 = $15.00

Since Maria has $20.00, after buying the sun hat and the beach towel, she would have:

$20.00 - $15.00 = $5.00 remaining.

Now, she will not be able to purchase something else with that money. The options she is giving up for the $15.00 spent on the sun hat and towel are:

• The magazines for $8.00
• The bathing suit for $15.00

Since she cannot buy both the magazines and the bathing suit, the opportunity cost of her purchasing the sun hat and towel is the value of the items she cannot buy with that $15.00.

Thus, the opportunity cost includes:

• The magazines
• The bathing suit

So the correct responses are:

• the magazines
• the bathing suit