Trina's Tropical Fish Store Sells Goldfish for $2 Each and Angelfish

question 101

Multiple Choice

Trina's Tropical Fish Store sells goldfish for $2 each and angelfish for $10 each.The opportunity cost of buying a goldfish is:

• A)5 angelfish
• B)1/5 of an angelfish
• C)$10
• D)$2

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Definitions:

Consent

Agreement or permission for something to happen, given by someone with full understanding of what is involved.

Modified

Changed or adjusted from the original form, purpose, or condition.

Third Party

An entity or individual that is involved indirectly or is outside the main two parties engaged in a transaction or legal matter.

Principal

A party who has the primary responsibility in a transaction or legal action, or the amount of money originally invested or loaned, excluding any profits or interest.