Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a new purse for $12.00, a sun hat for $4.00, magazines for $6.00, and a beach towel for $4.00. When she gets to the register, she realizes she only has $20.00 in her pocket.
Use the passage to answer the question.
If Maria decides to purchase the sun hat, towel, and bathing suit, what is the opportunity cost of her purchase?
(1 point)
Responses
the magazines
the magazines
new purse
new purse
the towel
the towel
the sun hat
the sun hat
The opportunity cost of Maria's purchase would be the magazines.
The opportunity cost of Maria's purchase would be the magazines.
To determine the opportunity cost of Maria's purchase, we need to identify the item that Maria chose not to purchase in order to buy the sun hat, towel, and bathing suit. In this case, the passage does not mention Maria considering purchasing a bathing suit, so it cannot be the opportunity cost. The passage mentions that Maria loaded her cart with a new purse, sun hat, magazines, and a beach towel. However, at the register, she realizes she only has $20.00 in her pocket. Since the passage does not mention Maria considering purchasing the new purse, we can eliminate it as the opportunity cost as well.
Therefore, the opportunity cost of Maria's purchase from the available options is the magazines. Maria chose to purchase the sun hat, towel, and bathing suit instead of the magazines.