What Would Be the Opportunity Cost of a Child Using

question 232

Multiple Choice

What would be the opportunity cost of a child using a coupon for a free ice cream cone?

• A)the dollar cost of the cone she selected 
• B)the other types of ice cream she could have selected 
• C)zero - because the good was not a durable good 
• D)zero - because the good was free

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Definitions:

Fixed Price

A set cost that does not change over time, regardless of variations in market conditions or demand.

Preferred Stock

A category of corporate ownership that has precedence over common stock in terms of asset and earnings claims, typically featuring fixed dividend payments.

Bonds

Fixed-income instruments that represent a loan made by an investor to a borrower, typically corporate or governmental.

Constant Payment

A fixed amount of money paid periodically in a loan agreement until the loan is repaid in full, including both principal and interest.