For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity cost of each situation. "Use a sentence that begins "When...chose the..., his/her opportunity cost was...".

Question

For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity cost of each situation. "Use a sentence that begins "When...chose the..., his/her opportunity cost was...".

1. Tonya had a hard time deciding between the Big Burger and the Crispy Chicken sandwiches, her two

favorites. She chose the chicken because she had more recently had a burger. What was her opportunity cost?

Answer 1

When Tonya chose the Crispy Chicken sandwich, her opportunity cost was not being able to enjoy her favorite Big Burger.

Answer 2

When Tonya chose the Crispy Chicken sandwich, her opportunity cost was not being able to enjoy her favorite Big Burger at that moment.

Answer 3

To determine the opportunity cost in this situation, we need to consider the choice that Tonya made and the alternative option she gave up. When Tonya chose the Crispy Chicken sandwich, her opportunity cost was not being able to enjoy the Big Burger.