When you make a choice, the experience from what would have been your second option is called

trade-off.

supply.

demand.

opportunity cos

You can either go to a movie or go bowling. If you choose the movie,

you will spend far more on the movie than you would on bowling.

you will have made the choice that has the most benefit.

your opportunity cost is the amount of money you pay for the movie.

your opportunity cost is the time and experience of bowling.

The fact that we cannot have everything we want is caused by

Question

Miss Kitty

English

27 October, 16:53

When you make a choice, the experience from what would have been your second option is called

trade-off.

supply.

demand.

opportunity cos

You can either go to a movie or go bowling. If you choose the movie,

you will spend far more on the movie than you would on bowling.

you will have made the choice that has the most benefit.

your opportunity cost is the amount of money you pay for the movie.

your opportunity cost is the time and experience of bowling.

The fact that we cannot have everything we want is caused by

+1

Answers (2)

Know the Answer?

Miracle Mosley · Answer 1

1. Second best. Opportunity cost is the experience you might have had if you had chosen your next-best option.

2. Second best. Opportunity cost is the experience you might have had if you had chosen your next-best option. In this example, the opportunity cost is the experience of the activity you did not choose - bowling.

Reilly Benjamin · Answer 2

This is called opportunity cost because it's the cost of having the second option. You lose the experience.

If you choose the movie, your opportunity cost is the time and experience of bowling