John's Budget Is Such That He Can Afford Either a Computer

question 132

Multiple Choice

John's budget is such that he can afford either a computer or a Caribbean vacation,both of which cost the same.Which of the following statements about his opportunity cost is correct?

• A)The opportunity cost of a Caribbean vacation is the money John pays for the vacation.
• B)The opportunity cost of the vacation is the same as the opportunity cost of the computer because John can afford only one or the other.
• C)There is nothing to say about the opportunity cost because we don't know how much the computer or the Caribbean vacation costs.
• D)The opportunity cost of going on a vacation is the loss from not being able to buy the computer.
• E)The opportunity cost of the computer is the total cost of the computer and the Caribbean vacation.

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Tabular

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An interface control that allows users to change or customize the layout or arrangement of elements within a software application or digital workspace.

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An interface in software applications where users can layout or modify elements without directly interacting with the code.