Misty Has the Option of Purchasing One of Three Products

question 108

Multiple Choice

Misty has the option of purchasing one of three products: Brand A, Brand B or Brand C. Each costs ten dollars. If she decides that Brand A meets her needs best, then the opportunity cost of this decision is

• A)Brand A.
• B)Brand B plus Brand C.
• C)twenty dollars.
• D)Brand B or Brand C, depending on which is considered the highest- value alternative forgone.

---

Definitions:

Television Set

An electronic device used for receiving television broadcasts and displaying them in visual format.

Markdown

A reduction from the original or list price of a product, often used as a sales strategy to encourage purchases.

Selling Price

The amount of money for which a product or service is sold to the customer.

Rate

A specified measure or quantity of one thing considered in relation to a unit of another thing; often used in the context of interest rates or growth rates.