Jimmy Is Invited to a Costume Party with a 1990s

question 96

Multiple Choice

Jimmy is invited to a costume party with a 1990s theme. His first thought is to dress up as MC Hammer, but he is also considering going as a lifeguard from Baywatch. The opportunity cost of arriving dressed like MC Hammer is:

• A) the cost of purchasing parachute pants like those MC Hammer would wear.
• B) the money he saves since he doesn't need to purchase red swimming trunks.
• C) the enjoyment he would have received if he had dressed as a lifeguard.
• D) There is no opportunity cost because he was going to attend the party either way.

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