You Can Spend $100 on Either a New Economics Textbook

question 131

Multiple Choice

You can spend $100 on either a new economics textbook or a new CD player. If you choose to buy the new economics textbook, the opportunity cost is:

• A)$100.
• B)your enjoyment of the new CD player.
• C)both the $100 and your enjoyment of the new CD player.
• D)impossible to determine.

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Definitions:

Lipid

A group of naturally occurring molecules that include fats, waxes, sterols, and fat-soluble vitamins, used for energy storage and cell signaling.

Protein

Large biomolecules, or macromolecules, consisting of one or more long chains of amino acid residues, essential for all living organisms.

Nucleic Acid Coenzymes

Molecules that work alongside enzymes in biochemical reactions, especially in the synthesis and repair of DNA and RNA.

Macronutrient

Essential chemical elements that organisms need in large quantities for survival, including carbohydrates, proteins, and fats.