Bart Simpson has $50 that he is thinking of using to buy a new skateboard. Instead, he could use it to buy an iPod shuffle, a state-of-the-art slingshot, or a gift card for his sister Lisa. Your answer # 11 If Bart spends the $50 on the skateboard, * 1 poin
Bart Simpson has $50 that he is thinking of using to buy a new skateboard. Instead, he could use it to buy an iPod shuffle, a state-of-the-art slingshot, or a gift card for his sister Lisa. Your answer # 11 If Bart spends the $50 on the skateboard, * 1 poin
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Use the following information to answer questions 11 and 12
Bart Simpson has $50 that he is thinking of using to buy a new skateboard. Instead, he
could use it to buy an iPod shuffle, a state-of-the-art slingshot, or a gift card for his sister,
Lisa.
Your answer
# 11 If Bart spends the $50 on the skateboard, *
his opportunity cost is whichever of the other three alternatives he values most.
his opportunity cost is whichever of the other three alternatives he values least.
his opportunity cost is all of the other three things.
1 point
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