Bill Has $10 That He Can Spend on a Superman

question 4

Multiple Choice

Bill has $10 that he can spend on a Superman action figure, a Batman graphic novel or an X-Men T-shirt. Bill decides to buy the action figure, even though the graphic novel was a close second choice. What is the opportunity cost of buying the action figure?

• A) The amount he spends: $10.
• B) Nothing, since he got his preferred choice.
• C) The Batman graphic novel.
• D) The X-Men T-shirt.

---

Definitions:

Punish Wrongdoers

The act of imposing a penalty on individuals or entities found to have violated laws or rules.

Contractual Promises

A commitment or guarantee included within a contract that one or both parties agree to carry out.

Compensate Victim

The act of providing restitution or payment to a person who has suffered harm or loss as a result of another's action.

Breach Of Contract

The violation of any terms or conditions within a legally binding agreement.