Question

What is the opportunity cost of an action that increases jelly beans from 34 to 51?

Answer 1

The opportunity cost of increasing jelly beans from 34 to 51 is 17 jelly beans.

Step-by-step explanation:

The opportunity cost of an action that increases jelly beans from 34 to 51 is the value of the next best alternative that is given up. In this case, the opportunity cost is the difference between the initial number of jelly beans (34) and the final number (51). The opportunity cost is 51 - 34 = 17.

This means that by increasing the jelly beans from 34 to 51, you are giving up the opportunity to use those 17 jelly beans for something else.