Please Help!!!!!!!!!!!!!!!!!!!!! You want to buy a new cell phone that costs $80 and two new video games that cost $40 each, but you don't have enough money saved for all of it. Which of the following best describes the opportunity costs involved in your purchase decision? (3 points)
Select one:
a. If you buy a new cell phone, your opportunity cost is the money you spend to purchase the phone.
b. If you buy two new games, your opportunity cost is the money you spend to purchase the games.
c. If you buy a new cell phone, your opportunity cost is the time you could spend talking on the phone.
d. If you buy two new games, your opportunity cost is the time you could spend talking on the phone.

Opportunity cost is an economist term, for expressing cost, in terms of foregone alternative. Here, the purchaser of goods has to choose between mutually exclusive alternatives.

Hence, the best option is If you buy two new games, your opportunity cost is the time you could spend talking on the phone.

Learn more about opportunity cost here: https://brainly.com/question/1549591

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