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.
If Maria decides to purchase the sun hat and towel, what is the opportunity cost of her purchase? Select all that apply.
the sun hat
the sun hat
the towel
the towel
the magazines
the magazines
the bathing suit
None of the above.
not true
I apologize for the oversight. The opportunity cost of purchasing the sun hat and towel would be:
- the magazines
- the bathing suit
This is because Maria is choosing to purchase the sun hat and towel instead of these items, so they represent the opportunity cost of her decision.