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Bill has $10 to spend on a Superman, Batman, or an X-Men T-shirt. Bill buys the Superman T-shirt and the Batman shirt was a close second choice. What is the opportunity cost?
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Bill has $10 to spend on a Superman, Batman, or an X-Men T-shirt. Bill buys the Superman T-shirt and the Batman shirt was a close second choice. What is the opportunity cost?

User Ryo
by
4.9k points

2 Answers

4 votes

Answer:

Bill sucks Batman is better than al of those other options

Step-by-step explanation:

User Laurent LA RIZZA
by
6.1k points
3 votes

Answer:

Opportunity Cost = Batman Shirt

Step-by-step explanation:

Opportunity Cost is the coat of next best alternative forgone while making a choice.

Eg: Working as a teacher with salary Rs 20000, if a teacher sacrifises private coaching income = Rs 15000. Latter (Rs 15000) is the next best alternative forgone while choosing school teaching.

Similarly, Bill choosing Superman T-shirt has opportunity cost as value of his second best choice foregone i.e Batman T-shirt

User Duckegg
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5.7k points
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