Question

Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were provided, with the donation only covering the cost of one project. The projects included improvements to the building, additional purchases of food, and purchasing a vehicle for food delivery. The majority of volunteers voted for purchasing a vehicle for food delivery with building improvements coming in second. Since only one project could be funded, what is the opportunity cost of the decision to purchase a vehicle

Answer 1

Answer:

improvements to the building

Explanation:

As we know that the opportunity cost is the cost that gives the benefit in the altnernative when the other thing is sacrifice. Now the

As the second best choice is that there should be an improvement in the building so here the opportunity cost related to the purchase of a vehicle is building improvement

Hence, the same is to be considered