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What is the opportunity cost in this scenario? Gretchen earned $500 from her summer job. She made a list of things that she wants to do with the money she earned. She thought of spending $100 to buy a guitar amplifier, enrolling in a ballet class for $200, buying new clothes worth $100, and giving her mom a silver necklace worth $100. When she went to buy the amplifier, she found it cost around $150. She knew that she couldn’t change the fee for the dance classes. So she had to adjust the budget for her clothes or her mom’s gift. In the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned.

Respuesta :

leannaking17
The opportunity cost of buying one pair of jeans is getting both pairs of jeans

Answer

The opportunity cost of buying one pair of jeans is getting both pairs of jeans

Explanation

The opportunity cost is where one puts an alternative  use or where you make an associated opportunity cost. You gives up to a value so that you can choose something else but at the same cost with the item you substitute with.


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