You Have $1 to Spend on a Vending Machine Snack

question 153

Multiple Choice

You have $1 to spend on a vending machine snack.A bag of chips will cost you $1 and a candy bar will also cost you $1.If you choose the bag of chips,the opportunity cost of buying the chips is:

• A)$1 plus the enjoyment you would have received from the candy bar.
• B)$2 minus the enjoyment you received from the bag of chips.
• C)$1.
• D)the enjoyment you would have received from the candy bar.

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Definitions:

Resources

Assets, materials, and other supplies available to an individual or organization for achieving specific goals.

Time

A continuous sequence of events or the measurement thereof, which is a fundamental concept in physics, perception, and many aspects of human life.

Computerized Short-Term Scheduling

The use of computer software to plan and schedule production tasks on a short-term basis to improve efficiency and resource allocation.

Interactive Computing

Computing systems designed for a two-way interaction between the user and the computer, allowing for real-time communication and feedback.