Jamie Has Enough Money to Buy Either a Mountain Dew

question 85

Multiple Choice

Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to buy the Mountain Dew. The opportunity cost of the Mountain Dew is

• A)the Pepsi and the bag of chips.
• B)zero because he enjoys the Mountain Dew.
• C)the Pepsi because it is a drink, as is the Mountain Dew.
• D)the Mountain Dew.
• E)the Pepsi or the bag of chips, whichever the highest-valued alternative forgone.

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Definitions:

Rationalization

The process of logically justifying individual behavior or decisions that might otherwise appear irrational or unjustifiable, often by providing plausible but not necessarily true reasons.

False Invoices

Documents issued to request payment for goods or services not delivered or rendered, used to defraud or embezzle.

Ethics

The study of moral obligations, or separating right from wrong.

Rational Leader

A leader who makes decisions based on logic, analysis, and objectivity.