Question

Charles goes to Gamestop with only $50. They have the new Call of Duty for

$49.99 or a sale on controllers for $35. Since the controller was on sale, he

decides to buy it.

Answer 1

Answer:

Opportunity cost of call of duty = $14.99 (Negative effect)

Explanation:

Given:

Cost of call of duty = $49.99

Cost of controller = $35

Find:

Opportunity cost of call of duty

Computation:

Opportunity cost of call of duty = Cost of call of duty - Cost of controller

Opportunity cost of call of duty = $49.99 - $35

Opportunity cost of call of duty = $14.99 (Negative effect)