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Elise wants to get an apple off of a tree but she only has a baseball bat with her, rather than a ladder or stepstool. She does not think to use the bat to gently knock a few apples off of the tree. The fact that Elise believes that the baseball bat can be used only to play baseball is an example of ________.
Opportunity Cost
The expense associated with not choosing the second-best option when a decision is made.
Soybeans
A type of legume native to East Asia, widely grown for its edible beans which are used in various food products and for oil.
Opportunity Cost
Opportunity cost is the cost of foregoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Truck
A motor vehicle designed to transport cargo or goods.
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