Suzie is trying to decide whether to go to Lisa’s house to watch a movie or go to Steven’s house to play board games. They live about the same distance away, and there is no cost for either event. If she chooses to go to Lisa’s house, what is the opportunity cost? (1 point)
Responses
a The difference in value to Suzie’s of the two options.
b There is no opportunity cost because there is not a cost associated with either option. Economics does not apply to this kind of decision.
c The net value to Suzie of going to Lisa’s house to watch a movie.
d The net value to Suzie of going to Steven’s house to play games.
1 answer
a The difference in value to Suzie's of the two options.
1 answer