Table 22 -Refer to Table 2

question 75

Multiple Choice

Table 2.2
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { Option } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \\\hline \text { Amount } & \$ 100 & \$ 50 & \$ 25 & \$ 15 & \$ 0 \\\hline\end{array}$$
-Refer to Table 2.2. You have $100 to spend and five options to choose from. What is the opportunity cost if you decided to save the money and spend $0?

• A) $100
• B) $0 in terms of E
• C) $25 in terms in terms of B
• D) The total value of all the options
• E) The value of the option given up if E were not chosen

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Definitions:

Favorable

A term describing results or conditions that are positive, beneficial, or advantageous.