Question

PLEASE HELP ME!!! 10 POINTS!!!

Hugo had three wants: a notebook, a day at the water park, a compass. He chose to buy a notebook and a compass. What was his opportunity cost?

A. Fun at the water park
B. Going camping with the family
C. Using a compass on a hike
D. Writing in a new notebook

Answer 1

the answer is A.

Explanation:

because he's missing out on the water park.

Answer 2

A. Fun at the water park

Explanation:

The definition of opportunity cost is "the loss of potential gain from other alternatives when one alternative is chosen" - oxford dictionary.

Since Hugo is giving up a fun day at the water park, that is what he is missing aka his opportunity cost