Question

Ann can buy either a pair of jeans or shoes with the allowance she saved up. What is the opportunity cost if she buys the jeans?

A.
getting a new pair of shoes
B.
wearing a new pair of jeans
C.
using up all her allowance

Answer 1

The opportunity cost that Ann is going to have if she buys the pair of jeans is the chance to buy the pair of shoes with her allowance. She exchanged her opportunity of buying the shoes by buying the pair of jeans. This is the opportunity cost because the potential of losing the alternative (shoes) happened by purchasing the other.
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Answer 2

Answer:

A. Getting A New Pair Of Shoes

Step-by-step explanation:

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