Stephanie Has Decided to Eat Lunch Between Classes

question 321

Multiple Choice

Stephanie has decided to eat lunch between classes. She has ranked her choices, from highest to lowest as, (1) turkey sandwich, (2) tuna sandwich, (3) slice of cheese pizza, (4) cheeseburger. The opportunity cost of the eating turkey sandwich is

• A) the combined value of the tuna sandwich, slice of cheese pizza and cheeseburger.
• B) the value of tuna sandwich, the next best choice.
• C) the value of the cheeseburger.
• D) zero since she has satisfied a want.

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Definitions:

Assignment

The act of passing on rights, assets, or responsibilities from one individual to another.

Rights

Entitlements or freedoms that are granted by legal, social, or ethical principles.

Prohibited

Forbidden by law, rule, or other authority.

Court

A governmental institution authorized to resolve legal disputes, make judgments, and enforce law.