Kate decided to spend $350 a new Ping driver to improve her golf game. She also considered Nike and TaylorMade drivers. The Nike was her second choice. The opportunity cost of Kate’s decision to buy the Ping was:
the price of the Ping driver, $350.
nothing since she got what wanted.
not being able to buy the Nike driver.
not being able to buy the TaylorMade driver.
not buying the Nike and the TaylorMade drivers.

Question

07-10-2019
Business

contestada

Kate decided to spend $350 a new Ping driver to improve her golf game. She also considered Nike and TaylorMade drivers. The Nike was her second choice. The opportunity cost of Kate’s decision to buy the Ping was:
the price of the Ping driver, $350.
nothing since she got what wanted.
not being able to buy the Nike driver.
not being able to buy the TaylorMade driver.
not buying the Nike and the TaylorMade drivers.

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cecylya cecylya · Answer 1 · 2019-10-09T05:27:44+02:00

Answer:

The correct answer is c. not being able to buy the Nike driver.

Explanation:

The cost of opportunity is the best alternative that you sacrifice when you choose an option.

It represent the benefits that you misses out on when choosing one alternative over another.

In this case buying the Nike driver was her second choice, that means Kate consider that ´s the best alternative leave it behind, so this is the opportunity cost.