The price of a cup of coffee is $2.00. Alternatively you could spend your money on granola bars which are $0.50. What is the opportunity cost of purchasing coffee? A.) Health risks from drinking coffee B.) The tea you could have drank instead C.) 4 granola bars D.) 2 dollars

The price of a cup of coffee is $2.00. Alternatively you could spend your money on granola bars which are $0.50. What is the opportunity cost of purchasing coffee? A.) Health risks from drinking coffee B.) The tea you could have drank instead C.) 4 granola bars D.) 2 dollars

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 2SQ

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Question

The price of a cup of coffee is $2.00. Alternatively you could spend your money on granola bars which are $0.50. What is the opportunity cost of purchasing coffee?

		A.) Health risks from drinking coffee
		B.) The tea you could have drank instead
		C.) 4 granola bars
		D.) 2 dollars

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