Question

The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. you decide to have a burger today, but if they were out of burgers, you would have bought a bagel. your opportunity cost of the burger is: select one: your enjoyment of the bagel and burrito your enjoyment of the bagel your enjoyment of the bagel or the burrito your enjoyment of the burrito

Answer 1

The correct option is your enjoyment of the bagel

The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. You decide to have a burger today, but if they were out of burgers, you would have bought a bagel. Your opportunity cost is your enjoyment of the bagel.