Dexter Decides to Buy a New Smartphone and Offset the Cost

question 122

Multiple Choice

Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends.His friend has no money and wants to barter for the old phone.Dexter's preference for the items offered is in this order: laser printer,television,headphones,and bicycle.If Dexter accepts the laser printer as payment,what is his opportunity cost of this exchange?

• A) the total value of the television,headphones,and bicycle
• B) the difference between the value of the old phone and that of the new smartphone
• C) There is no opportunity cost in a consensual trade.
• D) the value of the laser printer
• E) the value of the television

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Definitions:

Stratosphere

The layer of the Earth's atmosphere just above the troposphere, known for its ozone layer which absorbs and scatters harmful ultraviolet sunlight.

CFCs

Chlorofluorocarbons, man-made chemical compounds once commonly used in refrigeration and aerosols, known to deplete the ozone layer.

Years

Units of time based on the period Earth takes to orbit around the Sun, approximately 365 or 366 days.

Cumulative CO₂ Emissions

The total amount of carbon dioxide released into the atmosphere over a specified period of time by human activities.