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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Definitions:

Not Positive

A state or condition that reflects negativity or a lack of affirmation, confidence, or certainty.

Express Gratitude

To show appreciation or thankfulness through words or actions.

Adjustment Refusal Message

Communication issued to inform a party that a request for changes or adjustments has been denied.

Full Refund

The repayment of the entire amount paid by a customer for a purchase, typically due to dissatisfaction with the product or service.