Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to buy the Mountain Dew. The opportunity cost of the Mountain Dew is A) the Mountain Dew. B)the Pepsi or the bag of chips, whichever the highest-valued alternative forgone. C) zero because he enjoys the Mountain Dew. D) the Pepsi and the bag of chips. E) the Pepsi because it is a drink, as is the Mountain Dew.

Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to buy the Mountain Dew. The opportunity cost of the Mountain Dew is A) the Mountain Dew. B)the Pepsi or the bag of chips, whichever the highest-valued alternative forgone. C) zero because he enjoys the Mountain Dew. D) the Pepsi and the bag of chips. E) the Pepsi because it is a drink, as is the Mountain Dew.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 18SQ

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