Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a bathing suit for $15.00, a sun hat for $8.00, magazines for $8.00, and a beach towel for $7.00. 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 and towel, what is the opportunity cost of her purchase? Select all that apply.
(1 point)
the sun hat
the towel
the magazines
the bathing suit
The opportunity cost of a purchase refers to the value or benefit that you give up by choosing one option over another. In this case, if Maria decides to purchase the sun hat and towel, the opportunity cost would be the value or benefit of the other options she could have chosen instead, which are the magazines and the bathing suit. Therefore, the opportunity cost of her purchase would be the magazines and the bathing suit.
