A sports collector is considering the purchase of either a hockey jersey or a baseball that was struck for a home run. If the collector chooses to purchase the jersey, what is the opportunity cost?

a

the net value of the ball for the collector
b

the cost of the jersey
c

the net value of the jersey for the collector
d

the cost of the ball

c - the net value of the baseball for the collector

The opportunity cost of choosing to purchase the hockey jersey is the net value of the baseball for the collector (option a).